900 Hen House Rd Okawville, IL 62271

This exceptional investment opportunity presents a fee-simple, 8,125 square foot Dollar General convenience store in Okawville, Illinois. Built in 2004 on a 1.13-acre lot, the property boasts a strong, stabilized net-net lease with a corporate guarantee. The current lease, commencing March 1, 2003, extends through February 28, 2029, with three additional five-year options. Dollar General recently exercised a six-year extension, reflecting a 15% rent increase in the next option. The tenant is responsible for all property taxes, insurance, and a monthly maintenance fee, minimizing landlord responsibilities. Dollar General reimburses for repairs under $1,000. The property enjoys a high-traffic location, situated on 900 Hen House Rd, with direct frontage to Interstate 65 and the town's main thoroughfare, experiencing a daily traffic count of 21,195 vehicles. The property's strong financials include a current NOI of $54,504, an 8% cap rate, and an asking price of $681,300 ($83.85/sq ft). The surrounding area demonstrates strong demographics, with a 5-mile population of 2,472 and an average household income of $83,379. This is a rare opportunity to acquire a well-located, stabilized retail property with a creditworthy tenant and significant upside potential. The property's location near a busy truck stop further enhances its appeal.