Dollar General - Net Lease Property for Sale
Carrier Mills, IL
Key Investment Metrics
Price
$690,909
Cap Rate
8.3%
Net Operating Income
$57,000
Building Size
9000 SF
Lot Size
9,000 SF
Land Area
1.65 Acres
Remaining Term
2 years
Lease Expiration
07/31/2028
Lease Term
12.6 years
Lease Commencement
01/04/2016
Lease Type
NN
Tenant Credit
Corporate Guarantee
Year Built
1976
Tenancy
Single
Rent Increases
5.2%
About This Dollar General Net Lease Property
This Dollar General NNN (triple net lease) property is located in Carrier Mills, IL and represents an excellent investment opportunity for commercial real estate investors. The property features 9000 square feet of building space and was built in 1976.
With a cap rate of 8.3%, this Dollar General net lease property offers stable income potential. The asking price is $690,909, making it an attractive option for 1031 exchange investors seeking quality Dollar General commercial properties.
Why Invest in Dollar General NNN Properties?
- Stable Income: Dollar General net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Dollar General 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.
Carrier Mills, IL Market Overview
Located in Carrier Mills, IL, this Dollar General property benefits from strong local demographics and market fundamentals. The Carrier Mills area offers excellent visibility and accessibility, making it an ideal location for Dollar General operations and a solid investment for net lease property buyers.