1717 Lake Land Blvd Mattoon, IL 61938
New 10,566 SF Dollar General Plus store in Illinois.
Type:Retail
Property size:
10,566 SF- Added:
- Nov 15, 2023
- Days on Market:
- 887
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 1717 Lake Land Blvd
General Information
- Standard status
- Active
- Size
- 10,566 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2023
Listing agent Kyle Carson License #MI 6501384480
Listing office Fortis Net Lease
Listing date Nov 15, 2023
Source Crexi
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 Fortis Net Lease
Overview
New Dollar General Plus Store
This brand new 10,566 SF Dollar General Plus store is located in Mattoon, Illinois. The property is secured with a 15-year Absolute NNN Lease, offering zero landlord responsibilities. The lease includes 5% rent increases every 5 years during the primary term and at each of the 5 (5-year) options to renew. The lease is corporately guaranteed by Dollar General Corporation, which holds a credit rating of "BBB", classified as Investment Grade. Construction is underway, with the opening and rent start date on track for January 2024. The Dollar General Market has high visibility, strategically positioned on the main North-South thoroughfare of Lake Land Blvd, which sees 8,108 cars per day. The ten-mile population from the site is 19,233, while the five-mile average household income is $62,072 per year. This location is suitable for a Dollar General. The offering represents an opportunity for a 1031 exchange buyer or a passive investor to attain the fee simple ownership of Dollar General. This investment offers continued success due to the financial strength and the proven profitability of the tenant. The list price reflects a 6.25% cap rate based on NOI of $140,213.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
FedEx OnSite
Postal Service
Location Insight
- Map
- Local Demand
- City
- Mattoon
- County
- Coles
- State
- Illinois
- Longitude
- -88.3775151
- Latitude
- 39.4650044
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - New 10,566 SF Dollar General Plus store in Illinois.
Where is this grocery and convenience store located?
The property is located at 1717 Lake Land Blvd Mattoon, IL.
What is the asking price?
The asking price for this property is $2,124,439.
What are key features of this property?
This property features: Brand new 10,566 SF Dollar General Plus store with a 15‑year Absolute NNN Lease, offering zero landlord responsibilities.; Corporately guaranteed lease by Dollar General Corporation with an Investment Grade credit rating of “BBB”.; Strategic location on the main North‑South thoroughfare of Lake Land Blvd. with high visibility.
