1549 Lake Park Dr Germantown, IL 62245
NNN leased Dollar General in Germantown, IL for sale.
Type:Retail
Property size:
9,014 SF- Added:
- Jul 18, 2023
- Days on Market:
- 994
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 1549 Lake Park Dr
General Information
- Standard status
- Active
- Size
- 9,014 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2009
Listing agent Sean Lutz License #IL 475132482
Listing office SRS Real Estate Partners Chicago
Listing date Jul 18, 2023
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 SRS Real Estate Partners Chicago
Overview
Freestanding Dollar General Investment Property
This is a NNN leased, freestanding Dollar General investment property in Germantown, IL. The tenant, Dolgencorp, LLC, recently extended their lease through November 2029. The lease includes scheduled rental increases at the beginning of each of the three 5-year option periods. The lease is guaranteed by the corporate entity and is NNN with limited landlord responsibilities. Dollar General is a nationally recognized and established discount store chain with over 19,000 stores in operation. The property is located along Lake Park Drive with visibility and access to 5,900 vehicles passing by daily. Nearby tenants include Jansen Chevrolet, FitZone 161, Valbo’s Restaurant, The Alibi, and Germantown Trust & Savings Bank. The property is among the few variety stores in the nearby trade area. The 5-mile trade area is supported by over 10,500 residents and 4,600 daytime employees, with an average household income of $98,071. The property size is 9,014 square feet.
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Germantown
- County
- Clinton
- State
- Illinois
- Longitude
- -89.552527
- Latitude
- 38.552355
FAQs
What type of property is this?
Grocery and convenience store - NNN leased Dollar General in Germantown, IL for sale.
Where is this grocery and convenience store 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: Corporate guaranteed lease by Dolgencorp, LLC (Dollar General).; NNN lease structure with limited landlord responsibilities, ideal for passive investors.; Lease extended through November 2029, demonstrating long‑term commitment.
