Former Dollar General Retail
For Sale
Contact for pricing
314 W Plaza, Carterville, IL 62918
Former Dollar General storefront available 10/2026, with excellent visibility from Route 13 in Carterville, IL.
Property Size8,000 SF
Lot Size1.04 Acres
Price / SF$99.38
Days on Market128
Property Features for 314 W Plaza
General Information
Standard status
Active
Size
8,000 SF
Lot size
1.04 Acres
Property subtype
RETAIL
Listing Agency:
Hilliker Corporation
(314) 781-0001
Listed By:
Kevin Eskridge · License #2020022669
Source:
Moodyscre
Added: May 4
Changed: Jul 23
Last Checked: Jul 23 at 9:36AM
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 Hilliker Corporation
Investment Insights
Based on property information with market context.
This retail storefront property was formerly operated as a Dollar General and is offered for sale. The site includes an approximately 8,000-square-foot retail building on a 1.04+ acre lot, with availability scheduled for 10/2026.
The property is located at 314 W Plaza in Carterville, Illinois, and benefits from excellent visibility from Route 13. The surrounding area is described as having an average household income exceeding $97,000.
The offering provides a single retail facility configuration consistent with a neighborhood discount retail use, with timing for occupancy beginning in October 2026.
The property is located at 314 W Plaza in Carterville, Illinois, and benefits from excellent visibility from Route 13. The surrounding area is described as having an average household income exceeding $97,000.
The offering provides a single retail facility configuration consistent with a neighborhood discount retail use, with timing for occupancy beginning in October 2026.
Key Highlights
- Former Dollar General storefront available 10/2026
- 1.04± acre lot
- Excellent visibility from Route 13
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,318
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,306,360
$1.3M
Cap Rate 7%
$933,114
$933.1K
Cap Rate 9%
$725,756
$725.8K
Market Conditions
NOI Build-Up for 8,000 SF
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.
Gross rent
$103.7K $12.96/SF
− Vacancy
−$10.4K −$1.30/SF
EGI
$93.3K $11.66/SF
− OpEx
−$28.0K −$3.50/SF
NOI
$65.3K $8.16/SF
Area
Williamson County, IL
Vacancy
10.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,306,360
Cap Rate 7%
$933,114
Cap Rate 9%
$725,756
Alternative Uses
Best Use
Retail
$933.1K
$816.5K – $1.09M
NOI $65,318 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,057 @ 7.0% cap · market cap 14.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
52k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 45%
McDonald's
Dining
20,556 visits/mo
0.5 miles
MotoMart
Shops & Services
14,806 visits/mo
0.3 miles
Dollar Tree
Shops & Services
7,671 visits/mo
0.4 miles
Dollar General
Shops & Services
5,988 visits/mo
0.0 miles
SUBWAY
Dining
2,651 visits/mo
0.2 miles
Demographics for 62918, IL
10,538
Population
5,001
Households
2.1
Avg Household Size
38
Median Age
43%
College-Educated
97%
High-School Grad
37.5 sq mi
ZIP Area
281
Density / Sq Mi
$70,975
Median Household Income
$45,173
Median Earnings
$909
Median Rent
$183,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Former Dollar General storefront available 10/2026, with excellent visibility from Route 13 in Carterville, IL.
Where is this storefront property located?
The property is located at 314 W Plaza Carterville, IL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Former Dollar General storefront available 10/2026; 1.04± acre lot; Excellent visibility from Route 13
