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Dollar General Plus - Relo Store - 5% Increase Every 5 Years
1717 Lake Land Blvd, Mattoon, IL 61938
Available Now
$2,124,439
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1 / 3
FOR SALERetail / Grocery Store
Cap Rate
6.6%
NOI
$140,213
Building Size
10,566SF
Lot Size
1.1ac
Year Built
2023
Occupancy
100%
Listing Contacts
More property details
Tenancy
Multi Tenant
Currently Leased
No
Property Class
A
No of Buildings
1
No of Stories
1
Units
1
Location
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Dollar General Plus - Relo Store - 5% Increase Every 5 Years
About the location
This Dollar General Market is highly visible as it is strategically positioned on the main North-South thoroughfare of Lake Land Blvd. which sees 8,108 cars per day. The ten mile population from the site is 19,233 while the five mile average household income $62,072 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 dollar store. List price reflects a 6.50% cap rate based on NOI of $140,213.