520 Veterans Memorial Dr Staunton, IL 62088

This exceptional investment opportunity presents a fee-simple ownership interest in a freestanding Dollar General store located at 520 Veterans Memorial Dr, Staunton, IL 62088. The property, built in 2019, encompasses 9,002 square feet on a 1.12-acre lot and includes 27 parking spaces. The property is zoned commercial and benefits from a prominent location. The single-tenant, net-leased property boasts a corporate guarantee from Dollar General, providing significant financial security. With a current occupancy of 100%, the property generates a substantial net operating income (NOI) of $86,224, representing a 6.75% cap rate on the asking price of $1,277,000 ($141.86/sq ft). The lease has a remaining term of 9 years, followed by three 5-year options, each with a 10% rent increase at the beginning of the term. This provides a built-in hedge against inflation and ensures consistent income growth. The property's location offers excellent visibility and accessibility, supported by strong demographics within a 5-mile radius, including over 8,500 residents and 4,900 daytime employees, with an average household income of $75,519. The property's APN is 08-1-05-15-03-301-009, 08-1-05-15-03-301-007 & 08-1-05-15-03-301-008. This is a low-management, passive investment opportunity with a well-established national tenant and a strong financial outlook.