Building Details

Year Built 2009

Buildings 1

Tenancy Single

Listing Agency: SRS Real Estate Partners Chicago s***@srsre.com Show Phone

Listed By: Sean Lutz · License #IL 475132482

Source: Crexi

Added: Jul 18, 2023 Changed: Aug 8 Last Checked: Aug 20 at 10:13AM

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Investment Insights

Based on property information with market context.

This is a NNN leased, freestanding Dollar General investment property in Germantown, IL. The tenant, Dolgencorp, LLC, recently extended their lease through November 2029. The lease includes scheduled rental increases at the beginning of each of the three 5-year option periods. The lease is guaranteed by the corporate entity and is NNN with limited landlord responsibilities. Dollar General is a nationally recognized and established discount store chain with over 19,000 stores in operation. The property is located along Lake Park Drive with visibility and access to 5,900 vehicles passing by daily. Nearby tenants include Jansen Chevrolet, FitZone 161, Valbo’s Restaurant, The Alibi, and Germantown Trust & Savings Bank. The property is among the few variety stores in the nearby trade area. The 5-mile trade area is supported by over 10,500 residents and 4,600 daytime employees, with an average household income of $98,071. The property size is 9,014 square feet.

Key Highlights

• Corporate guaranteed lease by Dolgencorp, LLC (Dollar General).
• NNN lease structure with limited landlord responsibilities, ideal for passive investors.
• Lease extended through November 2029, demonstrating long‑term commitment.

Property Analytics

Property Profile

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Building Supply HVAC Service Auto Parts Store (Bike/Boat/Book/etc) Store Hair Salon Dental Office

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

34

Businesses Nearby

11k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Shell Shops & Services

5,612 visits/mo 0.3 miles

Dollar General Shops & Services

5,151 visits/mo 0.1 miles

Demographics for 62245, IL

1,815

Population

770

Households

2.4

Avg Household Size

41

Median Age

24%

College-Educated

94%

High-School Grad

18.4 sq mi

ZIP Area

99

Density / Sq Mi

$89,375

Median Household Income

$60,595

Median Earnings

$645

Median Rent

$197,900

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?

Grocery and convenience store - NNN leased Dollar General in Germantown, IL for sale.

Where is this grocery and convenience store 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 (Dollar General).; NNN lease structure with limited landlord responsibilities, ideal for passive investors.; Lease extended through November 2029, demonstrating long‑term commitment.