845 Broadway St, Pekin, IL 61554-4702

This exceptional investment opportunity presents a 10,566 square foot Dollar General store located at 845 Broadway St, Pekin, IL 61554, in Tazewell County. Built in 2014 on a 1.36-acre lot, this single-story building boasts 100% occupancy with a strong, investment-grade corporate guarantee from Dollar General. The property features an absolute NNN lease structure, eliminating management responsibilities and providing long-term passive income. The current lease has five years remaining, with three, five-year renewal options. The asking price is $1,334,661, representing an attractive 8% cap rate and a net operating income (NOI) of $106,773. This location is strategically positioned in Pekin, the largest city in Tazewell County, with a population of approximately 40,959 within a 5-mile radius and is approximately 10 miles south of Peoria, IL, which has a population of approximately 120,819. In July 2024, this specific Dollar General store ranked in the top 84th percentile in Illinois (108/676 locations) according to AlphaMaps data. Dollar General's strong financial performance, including a BBB (S&P) credit rating and a market cap of approximately $20 billion, further solidifies this investment's stability and potential for long-term growth. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with a proven track record of success.