702 Broadway Centralia, IL 62801

This exceptional investment opportunity presents a 10,640 square foot Dollar General store located at 702 W Broadway, Centralia, IL 62801. Built in 2016 on a 1.27-acre lot, this property boasts a strong 7.75% cap rate and a substantial net operating income (NOI) of $99,732. The absolute NNN lease, with a corporate guarantee from a credit-rated tenant, ensures minimal landlord responsibilities. The lease, expiring March 31, 2031, has approximately seven years remaining, with built-in 10% rent bumps every five years in the lease options. This single-tenant property benefits from Dollar General's strong financial performance and market position, including a BBB (S&P) credit rating and a market capitalization of approximately $30 billion. The store's performance is further highlighted by its ranking in the top 78th percentile among Illinois Dollar General locations (as of July 2024, according to AlphaMaps data). This is a turnkey investment ideal for passive income seekers, offering long-term stability and significant return potential. The property is 100% occupied. Five, 5-year lease options are available.