Listing Agency: Fortis Net Lease

Listed By: Kyle Carson · License #MI 6501384480

Source: Crexi

Added: Apr 12 Changed: Aug 11 Last Checked: Aug 21 at 9:57AM

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Investment Insights

Based on property information with market context.

Fortis Net Lease presents a 2022 build-to-suit Dollar General Plus retail property. The offering includes a 10,640 SF store under construction, with rent and opening scheduled for November 2022. The lease is structured as an absolute NNN arrangement with zero landlord responsibilities and includes five (5) renewal options of five (5) years each, with a 10% rental rate increase at each option.

The property is strategically positioned on the corner of N Woodlawn Lane and Highway 15 in Woodlawn, Illinois, with reported traffic of 7,772 cars per day. The lease is corporately guaranteed by Dollar General Corporation, which holds a credit rating of “BBB” classified as investment grade.

Key Highlights

• 2022 build‑to‑suit 10,640 SF Dollar General Plus store in Woodlawn, IL
• 15‑year absolute NNN lease with zero landlord responsibilities
• Corporately guaranteed by Dollar General Corporation (investment grade, BBB credit rating)

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Plumbing Service Storage Facility Furniture & Home Goods Big Box & Wholesale Store Hair Salon Kitchen & Bath Showroom

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

5

Businesses Nearby

Explore this area Business Placement

Demographics for 62898, IL

2,038

Population

893

Households

2.3

Avg Household Size

42

Median Age

25%

College-Educated

94%

High-School Grad

53.9 sq mi

ZIP Area

38

Density / Sq Mi

$74,297

Median Household Income

$43,787

Median Earnings

$906

Median Rent

$150,000

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?

Retail space - 2022 build-to-suit Dollar General Plus with a 15-year absolute NNN lease and corporate guarantee.

Where is this retail space located?

The property is located at 12515 N Woodlawn Ln Woodlawn, IL.

What are key features of this property?

This property features: 2022 build‑to‑suit 10,640 SF Dollar General Plus store in Woodlawn, IL; 15‑year absolute NNN lease with zero landlord responsibilities; Corporately guaranteed by Dollar General Corporation (investment grade, BBB credit rating)