702 S Main St Smithton, IL 62285
New 12,668 SF Dollar General Market store for sale.
Type:Retail
Property size:
12,668 SF- Added:
- May 6, 2024
- Days on Market:
- 702
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 702 S Main St
General Information
- Standard status
- Active
- Size
- 12,668 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2024
Listing agent Kyle Carson License #MI 6501384480
Listing office Fortis Net Lease
Listing date May 6, 2024
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 Market Store
This is a brand new 12,668 SF Dollar General Market store located in Smithton, IL. Dollar General Market stores sell produce and fresh meats. The property is secured with a 15 year Absolute NNN Lease, meaning there are zero landlord responsibilities. The lease contains 5% rent increases every 5 years, including at each of the 5-year option periods. The lease is corporately guaranteed by Dollar General Corporation, which holds a credit rating of “BBB”, classified as Investment Grade. The store is currently under construction and on track to both open and commence rent in early Q3. This Dollar General Market is highly visible and strategically positioned off of Main Street, the main regional traffic artery. S. Main Street sees over 9,036 vehicles per day. The 5 mile population from the site is 9,692, while the 5 mile average household income is $90,717 per year. This location is ideal 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 will offer a new owner continued success due to the financial strength and the proven profitability of the tenant.
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Smithton
- County
- St. Clair
- State
- Illinois
- Longitude
- -89.99168
- Latitude
- 38.4014832
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - New 12,668 SF Dollar General Market store for sale.
Where is this grocery and convenience store located?
The property is located at 702 S Main St Smithton, IL.
What is the asking price?
The asking price for this property is $2,202,448.
What are key features of this property?
This property features: Brand new 12,668 SF Dollar General Market store with 15‑year Absolute NNN Lease.; Corporately guaranteed lease by Dollar General Corporation (credit rating “BBB”).; Located in Smithton, IL with high visibility off Main Street (9,036 vehicles per day).
