Dollar General NNN Investment
For Sale
Contact for pricing
902 NEW BALDWIN RD, New Athens, IL
NNN Dollar General with zero landlord responsibilities in New Athens.
Property Size9,026 SF
Lot Size1.33 Acres
Price / SF$123.21
Days on Market346
Property Features for 902 NEW BALDWIN RD
General Information
Standard status
Active
Size
9,026 SF
Lot size
1.33 Acres
Property subtype
RETAIL
Listing Agency:
Matthews Real Estate Investment Services | Phoenix
(310) 750-7845
Listed By:
Wyatt Wagner
(310) 750-7845
Source:
Moodyscre
Added: Aug 21, 2025
Changed: Jul 6
Last Checked: Jul 21 at 3:09AM
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 Matthews Real Estate Investment Services | Phoenix
Investment Insights
Based on property information with market context.
This property was built in 2015 as a build-to-suit construction for Dollar General. It is an absolute NNN Lease with zero landlord responsibilities. The lease is corporately guaranteed by Dollar General Corporation. The property is priced below replacement cost. The average household income in the area is $87,320. The nearest dollar store is over 5 miles away. The property size is 9,026 square feet and is located in New Athens, IL.
Key Highlights
- Absolute NNN Lease – Zero Landlord Responsibilities
- Corporately guaranteed lease from Dollar General Corporation
- Priced well below replacement cost
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $140.8k | $15.60 |
| − Vacancy | −$12.0k | −$1.33 |
| EGI | $128.8k | $14.27 |
| − OpEx | −$38.7k | −$4.28 |
| NOI | $90.2k | $9.99 |
9,026 SF · lease $15.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.29M
$1.13M – $1.50M
NOI $90,186 @ 7.0% cap · market cap 8.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,575 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
15k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Casey's General Store
Shops & Services
9,343 visits/mo
0.2 miles
Dollar General
Shops & Services
5,212 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - NNN Dollar General with zero landlord responsibilities in New Athens.
Where is this storefront property located?
The property is located at 902 NEW BALDWIN RD New Athens, IL.
What is the asking price?
The asking price for this property is $1,112,118.
What are key features of this property?
This property features: Absolute NNN Lease – Zero Landlord Responsibilities; Corporately guaranteed lease from Dollar General Corporation; Priced well below replacement cost
