4 Wade Sq, Belleville, IL

Listing office Legacy Real Estate Advisors d***@legacycrea.com Show Phone

Listing date Jan 2, 2024

Source Moodyscre

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Overview

This single-tenant property is occupied by Dollar General (NYSE: DG) in Belleville, IL, part of the St. Louis MSA, which is ranked as the 21st largest MSA in the country. Dollar General is an investment-grade tenant with an S&P rating of 'BBB'. The tenant has operated at this location for over 26 years. A newly negotiated 5-year lease is in place, featuring two 5-year options and 6% increases per option period. The property is situated at the signalized corner of Hwy-161 and Lebanon Ave, with exposure to over 36,730 vehicles per day. The surrounding area is highly populated, with 109,146 residents within a 5-mile radius. The average household income within a 1-mile radius exceeds $72,120. The property has a size of 7,925 square feet.

Suggested Use

Law Firm Dental Office Spa & Massage Center Hair Salon Skin Care Clinic Restaurant Department Store Hotel & Motel Real Estate Agency Nail Salon

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

Location Insight

• Map
• Local Demand

City

Belleville

County

St. Clair

State

Illinois

Longitude

-89.9701

Latitude

38.5307

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FAQs

What type of property is this?

Grocery and convenience store - Single tenant Dollar General in Belleville, IL for sale.

Where is this grocery and convenience store located?

The property is located at 4 Wade Sq Belleville, IL.

What is the asking price?

The asking price for this property is $533,419.

What are key features of this property?

This property features: Investment grade tenant: Dollar General (NYSE: DG, S&P Rated 'BBB').; Tenant has operated successfully at this location for over 26 years.; Newly negotiated 5‑year lease with (2) 5‑year options and 6% increases per option period.