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    555 Progressive Ln South Beloit, IL 61080

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    For Sale
    $750,000

    Single-tenant Dollar General with corporate-backed lease through 2029.

    Property size:
    8,125 SF
    Lot size:
    1.16 Acres

    Property Features for 555 Progressive Ln

    General Information

    Size
    8,125 SF
    Lot size
    1.16 Acres

    Source: CP Partners Agent Jack Navarra

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dollar General Investment Opportunity

    This single-tenant retail property is occupied by Dollar General under a corporate-backed NN lease. The lease extends through 2029 and includes one remaining 5-year renewal option. The tenant has renewed three times since the initial opening, indicating a long-term commitment to the location. The base rent is below prevailing market rates for comparable retail properties in the submarket. Dollar General Corporation (NYSE: DG) is a Fortune 500 company with an investment-grade BBB rating (S&P) and operates over 21,000 locations nationwide. The property benefits from a CoStar traffic count of approximately 15,246 vehicles per day. It is located among national and regional retailers, including ACE Hardware, NAPA Auto Parts, Subway, O’Reilly Auto Parts, Dollar Tree, and Mobil. The 5-mile trade area encompasses over 44,000 residents with an average household income of $69,000.
    Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service Dollar General Dollar Store

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Beloit
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.052111
    Latitude
    42.469983

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    FAQs

    What type of property is this?
    Storefront property - Single-tenant Dollar General with corporate-backed lease through 2029.
    Where is this storefront property located?
    The property is located at 555 Progressive Ln South Beloit, IL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Investment-grade Dollar General (NYSE: DG, BBB rated) with a corporate-backed NN lease, ensuring financial stability.; - Lease extends through 2029 with a 5-year renewal option, and a history of three prior renewals, demonstrating tenant commitment.; - Below-market base rent provides occupancy stability and potential for future rent increases.
    (415) 274-2700
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    555 Progressive Ln South Beloit, IL 61080
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