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    Dollar General Investment Property Title is generated by Realmo AI

    764 S Blanche Street, Mounds, IL 62964

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    For Sale
    $1,127,484

    NNN Dollar General property with long-term lease in Mounds, IL.

    Type:Retail
    Property size:
    9,014 SF
    Price / SF:
    $125/SF
    Added:
    Nov 21, 2025
    Days on Market:
    182
    Last Refresh:
    Apr 5 at 11:42 pm

    Property Features for 764 S Blanche Street

    General Information

    Standard status
    Active
    Size
    9,014 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2010

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    Listing Contact
    Andy Monette

    Listing agent Andy Monette

    Listing office

    Listing date Nov 21, 2025

    Source Pinnaclerea

    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 Andy Monette

    HighLights

    • Creditworthy tenant (Dollar General, S&P: BBB) with a long‑term lease in place.
    • 10% rental escalations in each renewal option period.
    • Minimal landlord responsibilities due to Dollar General fully reimbursing for CAM.
    • Dollar General has had 35 consecutive years of same store sales growth.
    • Close proximity to Interstate 57.
    • Building constructed in 2010 as a build‑to‑suit.

    Overview

    This property features a Dollar General, a creditworthy tenant with a strong financial background and a long-term lease. The building was constructed in 2010 as a build-to-suit. The lease has 5 years remaining on the renewal, with 10% rental escalations in each renewal option period. Landlord responsibilities are minimal, as Dollar General fully reimburses for CAM. Dollar General is an investment grade rated tenant (S&P: BBB). Dollar General has had 35 consecutive years of same store sales growth. The property is located in Mounds, Illinois, in Pulaski County, approximately 140 miles south of St. Louis, Missouri, and just east of Interstate 57. The location is approximately 35 miles from the intersection of Interstate 57 and Interstate 55, in close proximity to the Illinois-Missouri and Illinois-Kentucky borders. The nearest Walmart is located 27 miles from the property. The property is in close proximity to Interstate 57, which links Mounds to Chicago, Illinois, to the north and Sikeston, Missouri, to the south. Dollar General is publicly traded on the New York Stock Exchange (DG) with a market capitalization of approximately $29 billion. The property size is 9014 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar General Discount Store FedEx OnSite Postal Service Western Union Bank

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store Food Market Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Stop & Shop — 304 S Blanche St, Mounds, IL 62964

    Location Insight

    • Map
    • Local Demand
    City
    Mounds
    County
    Pulaski
    State
    Illinois
    Longitude
    -89.1985
    Latitude
    37.1075

    FAQs

    What type of property is this?
    Grocery and convenience store - NNN Dollar General property with long-term lease in Mounds, IL.
    Where is this grocery and convenience store located?
    The property is located at 764 S Blanche Street Mounds, IL.
    What is the asking price?
    The asking price for this property is $1,127,484.
    What are key features of this property?
    This property features: Creditworthy tenant (Dollar General, S&P: BBB) with a long‑term lease in place.; 10% rental escalations in each renewal option period.; Minimal landlord responsibilities due to Dollar General fully reimbursing for CAM.
    (303) 962-9554
    We can help!
    Listing Contact
    Andy Monette
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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