Single-Tenant Dollar General
For Sale
Contact for pricing
121 S 3rd St, Greenville, IL 62246
8,375-square-foot retail building on a 0.19-acre site with a corporate-guaranteed lease from Dollar General.
Property Size8,375 SF
Lot Size0.19 Acres
Days on Market122
Property Features for 121 S 3rd St
General Information
Standard status
Active
Size
8,375 SF
Lot size
0.19 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Encino
Listed By:
William MacDonald · License #CA 01972917
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 10:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Encino
Investment Insights
Based on property information with market context.
This is an 8,375-square-foot, single-tenant retail building operated by Dollar General. The property is situated on a 0.19-acre site at the intersection of West South Street and South 3rd Street, with the tenant operating at the location for more than 23 years. The lease is double net, with the tenant responsible for real estate taxes, insurance, and parking lot maintenance, and it carries a remaining term of approximately 4.2 years.
The lease is guaranteed by Dollar General Corporation, a publicly traded company listed on the NYSE (DG). The tenant recently exercised an additional five-year option to extend the lease through November 30, 2020. The property benefits from access to major roadways, with Interstate 70 located approximately 6 miles south of the site.
Dollar General continues to operate in the market with limited local competition described as the only Dollar General within a 17-mile radius.
The lease is guaranteed by Dollar General Corporation, a publicly traded company listed on the NYSE (DG). The tenant recently exercised an additional five-year option to extend the lease through November 30, 2020. The property benefits from access to major roadways, with Interstate 70 located approximately 6 miles south of the site.
Dollar General continues to operate in the market with limited local competition described as the only Dollar General within a 17-mile radius.
Key Highlights
- 8,375‑SF Dollar General retail building on a 0.19‑acre site at the intersection of W South St and S 3rd St in Greenville, IL
- Lease has approximately 4.2 years remaining, with rental rate $3.65/SF (below market)
- Double net (NN) lease: tenant pays real estate taxes, insurance, and parking lot maintenance ($315/month)
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
37k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Groceries 34%
Home Improvements & Furnishings 7%
Capri IGA
Groceries
12,696 visits/mo
0.4 miles
MotoMart
Shops & Services
11,565 visits/mo
0.3 miles
Casey's General Store
Shops & Services
7,542 visits/mo
0.3 miles
True Value Hardware
Home Improvements & Furnishings
2,734 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
2,656 visits/mo
0.4 miles
Demographics for 62246, IL
10,145
Population
3,879
Households
2.6
Avg Household Size
40
Median Age
27%
College-Educated
89%
High-School Grad
143.1 sq mi
ZIP Area
71
Density / Sq Mi
$61,740
Median Household Income
$32,197
Median Earnings
$726
Median Rent
$149,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - 8,375-square-foot retail building on a 0.19-acre site with a corporate-guaranteed lease from Dollar General.
Where is this retail space located?
The property is located at 121 S 3rd St Greenville, IL.
What are key features of this property?
This property features: 8,375‑SF Dollar General retail building on a 0.19‑acre site at the intersection of W South St and S 3rd St in Greenville, IL; Lease has approximately 4.2 years remaining, with rental rate $3.65/SF (below market); Double net (NN) lease: tenant pays real estate taxes, insurance, and parking lot maintenance ($315/month)
