Dollar General Market - Net Lease Property for Sale
Rock Island, IL
Key Investment Metrics
Price
$1,150,000
Cap Rate
7.8%
Net Operating Income
$90,000
Building Size
15108 SF
Lot Size
15,108 SF
Land Area
1.79 Acres
Remaining Term
8.2 years
Lease Expiration
03/01/2034
Lease Term
10 years
Lease Commencement
03/01/2024
Lease Type
NN+
Year Built
1958
Occupancy
100%
Tenancy
Single
Rent Increases
10% In Each Option
About This Dollar General Market Net Lease Property
This Dollar General Market NNN (triple net lease) property is located in Rock Island, IL and represents an excellent investment opportunity for commercial real estate investors. The property features 15108 square feet of building space and was built in 1958.
With a cap rate of 7.8%, this Dollar General Market net lease property offers stable income potential. The asking price is $1,150,000, making it an attractive option for 1031 exchange investors seeking quality Dollar General Market commercial properties.
Why Invest in Dollar General Market NNN Properties?
- Stable Income: Dollar General Market net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Dollar General Market is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Rock Island, IL Market Overview
Located in Rock Island, IL, this Dollar General Market property benefits from strong local demographics and market fundamentals. The Rock Island area offers excellent visibility and accessibility, making it an ideal location for Dollar General Market operations and a solid investment for net lease property buyers.