Grayville Retail Investment
For Lease
$869,000
709 North Court, Grayville, IL 62844
11,500 SF Dollar Tree & Family Dollar hybrid store for rent.
Space SizeContact for details
Days on Market263
Property Features for 709 North Court
General Information
Standard status
Active
Property subtype
Retail
Net Operating Income
$80,040
Building Details
Year Built
1980
Listing Agency:
Bang Realty
(734) 625-3125
Listed By:
Corey Bunch · License #WVB200300608
(734) 625-3125
Source:
Fortisnetlease
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:09PM
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 Bang Realty
Investment Insights
Based on property information with market context.
This 11,500 SF retail property is a Dollar Tree & Family Dollar hybrid store located in Grayville, Illinois. The property is under a ten-year double net lease, assigning minimal responsibilities to the landlord. The lease includes four five-year options for renewal, each with a $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation, which holds a credit rating of “BBB”, classified as investment grade. The store benefits from high visibility, strategically positioned off North Court, the highest-trafficked road in Grayville. The surrounding area has a five-mile population of 2,355, with a three-mile average household income of $68,644. This location out-positions other retailers. The property is positioned on New Jackson Hwy. Grayville is near the Wabash River in White County, Illinois, with access to Interstate 64 and Illinois Route 1. The property is intended for retail use. Combo Stores See 20% Increase in Revenue!
Key Highlights
- Corporately guaranteed lease by Dollar Tree Corporation (rated 'BBB' investment grade) provides financial security.
- 10‑year double net (NN) lease requires minimal landlord responsibilities.
- Strategic location on the highest‑trafficked road in Grayville (New Jackson Hwy) ensures high visibility.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
5k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,825 visits/mo
0.2 miles
Demographics for 62844, IL
1,930
Population
936
Households
2.1
Avg Household Size
48
Median Age
13%
College-Educated
88%
High-School Grad
46.8 sq mi
ZIP Area
41
Density / Sq Mi
$49,659
Median Household Income
$33,663
Median Earnings
$646
Median Rent
$81,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Farmhouse Florist — 101 S Court St, Grayville, IL 62844
Frequently Asked Questions
What type of property is this?
Storefront property - 11,500 SF Dollar Tree & Family Dollar hybrid store for rent.
Where is this storefront property located?
The property is located at 709 North Court Grayville, IL.
What is the lease rate?
The lease rate is $869,000.
What are key features of this property?
This property features: Corporately guaranteed lease by Dollar Tree Corporation (rated 'BBB' investment grade) provides financial security.; 10‑year double net (NN) lease requires minimal landlord responsibilities.; Strategic location on the highest‑trafficked road in Grayville (New Jackson Hwy) ensures high visibility.
