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    1549 Lake Park Dr Germantown, IL 62245

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    For Sale
    $1,149,000

    NNN leased Dollar General with corporate guarantee through November 2029.

    Property size:
    9,014 SF
    Lot size:
    1.41 Acres

    Property Features for 1549 Lake Park Dr

    General Information

    Size
    9,014 SF
    Lot size
    1.41 Acres

    Source: SRS Real Estate Partners | Chicago Agent Dan Elliot

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

    Overview

    Freestanding Dollar General Investment Property

    This is a NNN leased, freestanding Dollar General investment property located in Germantown, IL. The property is a fee simple interest (land & building ownership). The tenant, Dolgencorp, LLC, recently extended their lease through November 2029. The lease features scheduled rental increases at the beginning of each 3 (5-year) option periods. The lease is guaranteed by the corporate entity and is NNN with limited landlord responsibilities. The property size is 9014 square feet. Dollar General is a nationally recognized and established discount store chain with over 19,000 stores in operation.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Auto Parts Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Germantown
    County
    Clinton
    State
    Illinois
    Longitude
    -89.552527
    Latitude
    38.552355

    Nearby Similar for Sale

    • $300,000
      0.95 Acres

      Germantown Commercial Land Opportunity

      0.95-acre lot, prime commercial location.
      Rte 116 Hwy, Germantown, IL 61548
      View Details
    • $195,000
      0.39 Acres

      Prime Germantown Commercial Space

      High-traffic corner lot, renovated building.
      200 Munster St, Germantown, IL 62245
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    • $1,149,000
      9,014 SF

      Germantown Dollar General NNN

      High-yield Dollar General investment. Strong tenant, long lease.
      1549 Lake Park Dr, Germantown, IL 62245
      View Details

    FAQs

    What type of property is this?
    Storefront property - NNN leased Dollar General with corporate guarantee through November 2029.
    Where is this storefront property located?
    The property is located at 1549 Lake Park Dr Germantown, IL.
    What is the asking price?
    The asking price for this property is $1,149,000.
    What are key features of this property?
    This property features: - Corporate guaranteed lease by Dolgencorp, LLC.; - NNN lease structure with limited landlord responsibilities.; - Lease recently extended through November 2029.
    (312) 972-7978
    Request Owner's contact information
    1549 Lake Park Dr Germantown, IL 62245
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    Germantown, IL 62245
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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
    1549 Lake Park Dr Germantown, IL 62245
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