New Dollar General Market
305 E Lincoln Hwy Franklin Grove, IL 61031
305 E Lincoln Hwy, Franklin Grove, IL, 61031
Contact for pricing
For Sale
Contact for pricing
New construction Dollar General Market with long-term lease.
Property Size10,640 SF
Price / SF$179.50
Days on Market61
Property Features for 305 E Lincoln Hwy
General Information
- Standard status
- Active
- Size
- 10,640 SF
- Property subtype
- RETAIL
Listing Agency
The Boulder Group - Corporate
(847) 562-0003
Listed by
Randy Blankstein · License #471005983
Source
Moodyscre
Added: May 21 Updated: Jul 10 at 1:36 pm Checked: Jul 20 at 2:10 am
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 The Boulder Group - Corporate
Investment Insights
Based on property information with market context.
This is a new construction Dollar General Market property featuring a larger prototype that carries additional grocery products. The property is under an absolute NNN lease, meaning no landlord responsibilities. The long-term lease is for 15 years and includes 5% rental escalations. The surrounding area has limited competition, with the next closest Dollar store located more than 10 miles to the west. Over 21,000 people reside within a ten-mile radius of the location, and the average household income within seven miles is $100,606.
Key Highlights
- Absolute NNN Lease: Enjoy a completely passive investment.
- Investment Grade Tenant: Leased to a creditworthy tenant with an S&P rating of BBB.
- Secure 15‑year lease with 5% rental escalations.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $229.8k | $21.60 |
| − Vacancy | −$6.0k | −$0.56 |
| EGI | $223.8k | $21.04 |
| − OpEx | −$56.0k | −$5.26 |
| NOI | $167.9k | $15.78 |
10,640 SF · lease $21.60/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.40M
$2.10M – $2.80M
NOI $167,886 @ 7.0% cap · market cap 8.79%
Second Best
Retail
$1.87M
$1.63M – $2.18M
NOI $130,578 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$2.90M
$2.54M – $3.38M
NOI $203,011 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - New construction Dollar General Market with long-term lease.
Where is this grocery and convenience store located?
The property is located at 305 E Lincoln Hwy Franklin Grove, IL.
What is the asking price?
The asking price for this property is $1,909,896.
What are key features of this property?
This property features: Absolute NNN Lease: Enjoy a completely passive investment.; Investment Grade Tenant: Leased to a creditworthy tenant with an S&P rating of BBB.; Secure 15‑year lease with 5% rental escalations.
