Dollar General NNN Investment
401 W Division St. Fisher, IL 61843
For Sale
$1,093,871
Absolute NNN Dollar General with assumable financing until 2030.
Property Size9,300 SF
Price / SF$117.62
Days on Market245
Property Features for 401 W Division St.
General Information
- Standard status
- Active
- Size
- 9,300 SF
- Property subtype
- Retail
Listing Agency:
SVN | Silveri Company
(616) 893-1398
Listed By:
Peter Colvin · License #6501197270
(616) 893-1398
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 23 at 5:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Silveri Company
Investment Insights
Based on property information with market context.
This Dollar General property in Illinois presents an absolute triple net investment opportunity. It is part of a four-location portfolio, including three sites in MN. The portfolio benefits from assumable, non-recourse, interest-only financing. The four locations are available for $5,500,000, with an equity requirement of $2,435,000. The lender possesses Phase 1 reports, ALTA surveys, appraisals, and other relevant information, potentially saving the buyer approximately $40,000 in upfront costs. Opened in June 2015, the property's fifteen-year base lease extends to June 30, 2030, with five subsequent renewal periods of five years each, featuring 10% rent increases. Situated on a prominent corner of busy Highway 136, the Dollar General is surrounded by commercial and residential areas and is located 20 miles from the University of Illinois in Champaign/Urbana. The surrounding area has a population of over 17,000 within a ten-mile radius. The property size is 9,300 square feet.
Key Highlights
- Assumable, interest‑only, non‑recourse financing available.
- Absolute Triple Net (NNN) lease structure.
- Part of a four‑location Dollar General portfolio.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.8k | $13.20 |
| − Vacancy | −$10.4k | −$1.12 |
| EGI | $112.3k | $12.08 |
| − OpEx | −$33.7k | −$3.62 |
| NOI | $78.6k | $8.45 |
9,300 SF · lease $13.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $105,087 @ 7.0% cap · market cap 9.61%
Second Best
Retail
$1.12M
$982.9K – $1.31M
NOI $78,628 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$1.93M
$1.69M – $2.26M
NOI $135,438 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
FedEx OnSite
Postal Service
Dollar General
Discount Store
Western Union
Bank
FAQs
What type of property is this?
Grocery and convenience store - Absolute NNN Dollar General with assumable financing until 2030.
Where is this grocery and convenience store located?
The property is located at 401 W Division St. Fisher, IL.
What is the asking price?
The asking price for this property is $1,093,871.
What are key features of this property?
This property features: Assumable, interest‑only, non‑recourse financing available.; Absolute Triple Net (NNN) lease structure.; Part of a four‑location Dollar General portfolio.
