Listing Agency: Fortis Net Lease

Listed By: Kyle Carson · License #MI 6501384480

Source: Crexi

Added: Apr 11 Changed: Aug 15 Last Checked: Aug 21 at 2:49PM

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Investment Insights

Based on property information with market context.

This 2022-built Dollar General market store offers 12,668 SF of retail space. The property is structured with a 15-year absolute NNN lease designed to leave zero landlord responsibilities. The lease includes five (5) year renewal options, each providing for a 10% rental rate increase. Dollar General is the tenant under the lease.

The store opened for business in October 2022 and is located at 704 Ohio St in Brookport, Illinois.

For investors and long-term occupants seeking lease certainty, the lease is corporately guaranteed by Dollar General Corporation, which is described in the offering materials as holding a “bbb” credit rating, classified as investment grade.

Key Highlights

• 2022 Dollar General market store with 12,668 SF
• 15‑year absolute NNN lease structure with zero landlord responsibilities
• Five (5) year renewal options included, each with a 10% rental rate increase

Property Analytics

Property Profile

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Building Supply Pet Grooming Service Storage Facility Accounting Firm Department Store Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

65

Businesses Nearby

Explore this area Business Placement

Demographics for 62910, IL

2,269

Population

935

Households

2.4

Avg Household Size

44

Median Age

10%

College-Educated

80%

High-School Grad

107.1 sq mi

ZIP Area

21

Density / Sq Mi

$59,861

Median Household Income

$34,891

Median Earnings

$813

Median Rent

$90,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - 2022 Dollar General market store is offered with an absolute NNN lease and five-year renewal options.

Where is this nnn property located?

The property is located at 704 Ohio St Brookport, IL.

What are key features of this property?

This property features: 2022 Dollar General market store with 12,668 SF; 15‑year absolute NNN lease structure with zero landlord responsibilities; Five (5) year renewal options included, each with a 10% rental rate increase