Listing Agency: Matthews Real Estate Investment Services | Phoenix Show Phone

Listed By: Wyatt Wagner Show Phone

Source: Moodyscre

Added: Aug 21, 2025 Changed: Oct 25 Last Checked: Oct 30 at 4:29PM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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

Estimated NOI and Cap Rate

NOI / Yr

$90,186

Cap Rate

8.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,803,720 $1.8M

Cap Rate 7%

$1,288,371 $1.3M

Cap Rate 9%

$1,002,067 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,026 SF

Gross rent

$140.8K $15.60/SF

− Vacancy

−$12.0K −$1.33/SF

EGI

$128.8K $14.27/SF

− OpEx

−$38.7K −$4.28/SF

NOI

$90.2K $9.99/SF

Area

St. Clair County, IL

Vacancy

8.50%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,803,720

Cap Rate 7%

$1,288,371

Cap Rate 9%

$1,002,067

Alternative Uses

Best Use

Retail

$1.29M

$1.13M – $1.50M (±1% cap)

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 (±1% cap)

NOI $149,575 @ 7.0% cap · market cap 13.45%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Dollar General Discount Store Western Union Bank FedEx OnSite Postal Service

Suggested Use

Top Pick Dental Office Building Supply HVAC Service Auto Repair Shop Pharmacy Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

57

Businesses Nearby

15k

Monthly Visits Nearby

Well-served

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 0.1 miles

Dollar General Shops & Services

5,212 visits/mo 0.1 miles

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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