702 S Main St Smithton, IL 62285
Property profile & analytics
702 S Main St Smithton, IL 62285
- Grocery and convenience stores
- 12,668 SF
Property ID
US28-0290266
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Grocery and convenience stores
Property Details for 702 S Main St
- Year built
- 2024
- Property size
- 12,668 SF
- Property type
- Grocery and convenience stores
- Property subtype
- 1031 exchange properties
Description
Fortis Net Lease is pleased to present this brand new 12,668 SF Dollar General Market store located Smithton, IL. Dollar General Market stores sell produce and fresh meats and are a necessary addition to the areas they serve. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 5, 5-year option periods. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is currently under construction and on track to both open & commence rent in early Q3. This Dollar General Market is highly visible as it is strategically positioned off of Main Street, the main regional traffic artery. S. Main Street sees over 9,036 vehicles per day. The 5 mile population from the site is 9,692 while the 5 mile average household income is $90,717 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top small box discount retailer. List price reflects a 6.90% cap rate based on the initial NOI of $151, 968.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Smithton
- County
- St. Clair
- State
- Illinois
- Longitude
- -89.99168
- Latitude
- 38.4014832
