Listing Agency: Fortis Net Lease

Listed By: Kyle Carson · License #MI 6501384480

Source: Crexi

Added: Apr 11 Changed: Sep 2 Last Checked: Sep 4 at 6:36AM

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Investment Insights

Based on property information with market context.

This 10,640 SF Dollar General store is newly built and currently open at 612 W Broadway Blvd in Johnston City, Illinois. The property operates under a 15-year NNN lease, with five 5-year renewal options and 10% rental rate increases at each option period. The structure assigns zero landlord responsibilities, while Dollar General Corporation provides the corporate guarantee. The tenant carries a BBB credit rating and is classified as investment grade.

The site receives exposure to W Broadway Blvd, where traffic is reported at 6,188 vehicles per day. The surrounding five-mile area includes 14,807 residents across 6,118 households, and the three-mile average household income is $69,096 per year. No other dollar store or national retailer is reported in town. Rent is scheduled to commence in December 2022.

Key Highlights

• 10,640 SF newly built Dollar General store
• 15‑year NNN lease with zero landlord responsibilities
• Five 5‑year renewal options, each with a 10% rental rate increase

Property Analytics

Property Profile

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Spa & Massage Center HVAC Service Nail Salon

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

177

Businesses Nearby

41k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 52% Dining 48%

McDonald's Dining

17,606 visits/mo 0.2 miles

Casey's General Store Shops & Services

11,471 visits/mo 0.4 miles

Dollar General Shops & Services

9,631 visits/mo 0.1 miles

SUBWAY Dining

2,029 visits/mo 0.3 miles

Demographics for 62951, IL

5,136

Population

2,705

Households

1.9

Avg Household Size

44

Median Age

17%

College-Educated

89%

High-School Grad

27.7 sq mi

ZIP Area

185

Density / Sq Mi

$49,694

Median Household Income

$36,087

Median Earnings

$854

Median Rent

$89,600

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

Questions? Ask Rey

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What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

NNN property - Brand-new retail property with a 15-year NNN lease and corporate tenant guarantee.

Where is this nnn property located?

The property is located at 612 W Broadway Blvd Johnston City, IL.

What are key features of this property?

This property features: 10,640 SF newly built Dollar General store; 15‑year NNN lease with zero landlord responsibilities; Five 5‑year renewal options, each with a 10% rental rate increase