Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1549 Lake Park Dr Germantown, IL 62245

    For Sale
    $1,149,000

    High-yield Dollar General investment. Strong tenant, long lease.

    Property size:
    9,014 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents the fee simple ownership of a freestanding Dollar General store in Germantown, Illinois. The property, located at 1549 Lake Park Dr, boasts 9,014 square feet on a 1.43-acre lot and was built in 2009. The property is subject to a 15-year Net Lease (NNN) agreement with Dollar General (Dolgencorp, LLC), a nationally recognized retailer with over 19,000 stores. The lease, extending to November 2029, includes scheduled rent increases every five years, providing inflation protection and growing net operating income (NOI). The corporate guarantee minimizes landlord responsibilities, making this an ideal low-management investment. The property enjoys high visibility on Lake Park Drive, with an average daily traffic count of 5,900 vehicles. Its strategic location benefits from proximity to other established businesses, including Jansen Chevrolet, FitZone 161, and Germantown Trust & Savings Bank, creating a strong retail environment. The property serves a 5-mile trade area with over 10,500 residents and 4,600 daytime employees, boasting an average household income of $98,071. The asking price is $1,149,000, representing a cap rate of 6.85% and a current NOI of $78,726. The price per square foot is $127.47. This is a rare opportunity to acquire a well-located, passively managed, and highly profitable retail investment.

    Property Features for 1549 Lake Park Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,014 SF
    Lot Size
    62,291 SF

    Building Details

    Year Built
    2009
    Buildings
    1

    HighLights

    • Fee simple ownership of a 9,014 SF Dollar General store on a 1.43‑acre lot in Germantown, IL.
    • 15‑year NNN lease with Dollar General (Dolgencorp, LLC) expiring November 2029, including rent increases every five years.
    • High visibility location on Lake Park Dr. with 5,900 average daily traffic count, situated near other established businesses.
    • Strong demographics: 5‑mile trade area with over 10,500 residents, 4,600 daytime employees, and $98,071 average household income.
    • Asking price: $1,149,000, representing a 6.85% cap rate and $78,726 current NOI; $127.47 price per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Auto Parts Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Germantown
    County
    Clinton
    State
    Illinois
    Longitude
    -89.5529233
    Latitude
    38.5528486

    Nearby Comparable

    • $1,149,000
      9,014 SF

      Freestanding Dollar General Investment Property

      NNN leased Dollar General with corporate guarantee through November 2029.
      1549 Lake Park Dr, Germantown, IL 62245
      View Details
    • $195,000
      0.39 Acres

      Prime Germantown Commercial Space

      High-traffic corner lot, renovated building.
      200 Munster St, Germantown, IL 62245
      View Details
    • $275,000
      5,167 SF

      Mixed-Use Building with Income Potential

      Mixed-use building in downtown Breese with restaurant and apartment possibilities.
      620 N 2Nd St, Breese, IL 62230
      View Details
    • $249,900
      0.19 Acres

      Downtown Breese Commercial Building

      Six-office building, ample parking, updated.
      644 2Nd St, Breese, IL 62230
      View Details
    • $1,200,000

      10.27 Acres Commercial Land

      10.27 acres of commercial land with highway frontage.
      9678 Holy Cross Ln, Breese, IL 62230
      View Details

    Nearby Similar for Sale

    • $1,149,000
      9,014 SF

      Freestanding Dollar General Investment Property

      NNN leased Dollar General with corporate guarantee through November 2029.
      1549 Lake Park Dr, Germantown, IL 62245
      View Details
    • $300,000
      0.95 Acres

      Germantown Commercial Land Opportunity

      0.95-acre lot, prime commercial location.
      Rte 116 Hwy, Germantown, IL 61548
      View Details
    • $195,000
      0.39 Acres

      Prime Germantown Commercial Space

      High-traffic corner lot, renovated building.
      200 Munster St, Germantown, IL 62245
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-yield Dollar General investment. Strong tenant, long lease.
    Where is this individual retail property located?
    The property is located at 1549 Lake Park Dr Germantown, IL.
    What is the asking price?
    The asking price for this property is $1,149,000.
    What are key features of this property?
    This property features: Fee simple ownership of a 9,014 SF Dollar General store on a 1.43-acre lot in Germantown, IL.; 15-year NNN lease with Dollar General (Dolgencorp, LLC) expiring November 2029, including rent increases every five years.; High visibility location on Lake Park Dr. with 5,900 average daily traffic count, situated near other established businesses.
    Request Owner's contact information
    1549 Lake Park Dr Germantown, IL 62245
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1549 Lake Park Dr
    Germantown, IL 62245
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    1549 Lake Park Dr Germantown, IL 62245
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.