Dollar General Market
For Sale
Contact for pricing
715 East Chain of Rocks Road, Granite City, IL 62040
Newly constructed convenience retail property serving the St. Louis metropolitan area.
Property Size10,566 SF
Price / SF$203.48
Days on Market53
Property Features for 715 East Chain of Rocks Road
General Information
Standard status
Active
Size
10,566 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$132,215
Building Details
Year Built
2025
Buildings
1
Tenancy
Single
Listing Agency:
The Boulder Group - Denver
Listed By:
Zach Wright · License #IL 475164965
(720) 604-2220
Source:
Crexi
Added: Aug 25
Changed: Oct 7
Last Checked: Oct 14 at 11:24PM
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 The Boulder Group - Denver
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Dollar General Market is a 10,566-square-foot grocery and convenience store completed in 2025. The property is located at 715 East Chain of Rocks Road in Granite City, Illinois.
The store is adjacent to a warehouse park totaling 16 million square feet and is within the St. Louis MSA. Its new-construction profile and established Dollar General Market identity provide a clear retail asset description for the property.
The store is adjacent to a warehouse park totaling 16 million square feet and is within the St. Louis MSA. Its new-construction profile and established Dollar General Market identity provide a clear retail asset description for the property.
Key Highlights
- 10,566‑square‑foot grocery and convenience store
- Completed in 2025
- Dollar General Market identity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,670
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,593,400
$2.6M
Cap Rate 7%
$1,852,429
$1.9M
Cap Rate 9%
$1,440,778
$1.4M
Market Conditions
NOI Build-Up for 10,566 SF
Gross rent
$190.2K $18.00/SF
− Vacancy
−$4.9K −$0.47/SF
EGI
$185.2K $17.53/SF
− OpEx
−$55.6K −$5.26/SF
NOI
$129.7K $12.27/SF
Area
Madison County, IL
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,593,400
Cap Rate 7%
$1,852,429
Cap Rate 9%
$1,440,778
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,670 @ 7.0% cap · market cap 6.03%
Second Best
Specialty Retail
$1.79M
$1.57M – $2.09M
NOI $125,311 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,599 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
1k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedco Truck Lube & Tires
Shops & Services
1,227 visits/mo
0.5 miles
Demographics for 62040, IL
40,872
Population
18,842
Households
2.2
Avg Household Size
41
Median Age
16%
College-Educated
89%
High-School Grad
39.9 sq mi
ZIP Area
1,024
Density / Sq Mi
$60,558
Median Household Income
$40,963
Median Earnings
$852
Median Rent
$106,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Newly constructed convenience retail property serving the St. Louis metropolitan area.
Where is this grocery and convenience store located?
The property is located at 715 East Chain of Rocks Road Granite City, IL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 10,566‑square‑foot grocery and convenience store; Completed in 2025; Dollar General Market identity
