Dollar General Market Grocery
For Sale
Contact for pricing
Pending
507 E Deyoung St, Marion, IL 62959
New construction grocery facility backed by an absolute net lease with no landlord responsibilities.
Property Size12,687 SF
Days on Market141
Property Features for 507 E Deyoung St
General Information
Standard status
Pending
Size
12,687 SF
Property subtype
Retail
Net Operating Income
$165,208
Additional Details
Cap Rate
6.75%
Traffic Count
18,300 vehicles/day
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
Listed By:
Kyle Carson · License #MI 6501384480
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 4:27AM
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
Investment Insights
Based on property information with market context.
This 12,687-square-foot Dollar General Market grocery property is under construction in Marion, Illinois, with store opening and rent commencement scheduled for Q3 2024. The format includes produce and fresh meats, expanding beyond conventional convenience-store merchandise. The site is positioned along E Deyoung Street, a regional traffic route with exposure to 18,300 vehicles per day.
The investment is structured under a 15-year absolute net lease, with five additional five-year renewal options and 5% rent increases every five years, including the option periods. Dollar General Corporation provides the corporate guaranty and carries a BBB investment-grade credit rating. The property serves a 10-mile population of 59,091 and is located in a trade area with a 3-mile average household income of $67,935.
The investment is structured under a 15-year absolute net lease, with five additional five-year renewal options and 5% rent increases every five years, including the option periods. Dollar General Corporation provides the corporate guaranty and carries a BBB investment-grade credit rating. The property serves a 10-mile population of 59,091 and is located in a trade area with a 3-mile average household income of $67,935.
Key Highlights
- 12,687‑square‑foot Dollar General Market grocery facility
- 15‑year absolute net lease with no landlord responsibilities
- Five additional 5‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
18,300 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
54k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 96%
Dining 4%
Huck's
Shops & Services
20,808 visits/mo
0.1 miles
Marion #3
Shops & Services
19,513 visits/mo
0.1 miles
Dollar General
Shops & Services
9,755 visits/mo
0.1 miles
Domino's Pizza
Dining
2,005 visits/mo
0.5 miles
Peoples National Bank
Shops & Services
1,745 visits/mo
0.2 miles
Demographics for 62959, IL
27,629
Population
12,997
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
92%
High-School Grad
143.0 sq mi
ZIP Area
193
Density / Sq Mi
$69,914
Median Household Income
$44,145
Median Earnings
$895
Median Rent
$166,200
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?
Grocery and convenience store - New construction grocery facility backed by an absolute net lease with no landlord responsibilities.
Where is this grocery and convenience store located?
The property is located at 507 E Deyoung St Marion, IL.
What are key features of this property?
This property features: 12,687‑square‑foot Dollar General Market grocery facility; 15‑year absolute net lease with no landlord responsibilities; Five additional 5‑year renewal options
