1549 Lake Park Dr Germantown, IL 62245

Property Details for 1549 Lake Park Dr

Year built

2009

Construction

CONCRETE

Lot size

1.43 lot acres

Property size

9,030 SF

Zone code

51

Property type

Commercial real estate

APN

12-11-04-300-055

APU

121104300055

Description

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.

Location Insight

City

Germantown

County

Clinton

State

Illinois

Longitude

-89.5531

Latitude

38.5528

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments