Dollar General – Illinois

$35,000 Minimum Investment

Current Yield: 5.75%

NNN Lease – 15 years

Property Info

Tenant: Dollar General
Address: 301 Ea State Rt 115, Herscher, IL 60941
Year Build: 2017
Total Sq Ft.: 6700
Property Type: Single Tenant, Freestanding
Ownership Type: TIC
Non-Accredited Investors: Yes
Minimum Investment: $35,000

Illinois TIC Property

The absolute NNN lease on this TIC offers 1031 exchange and cash investors a passive investment opportunity with no landlord responsibilities, with a base lease term that runs through April 30, 2032. This tenant-in-common property is a build-to-suit for Dollar General and represents the latest Dollar General prototype with a mix of masonry, concrete block, and steel construction. Most new Dollar General leases are flat for 15 years with an escalation in rent only occurring with an exercise of an option period by the tenant; this lease features a 3% increase in year 11, followed by 10% increases at the beginning of each option period. Lease is fully guaranteed by Dollar General Corporation (NYSE: DG; S&P: BBB/Stable), a company currently operating more than 12,575 stores in 43 states. On January 29, 2016, the company reported total revenues of $20.37 billion, net income of $1.17 billion and net worth in excess of 5.38 billion. The property is not only the sole dollar store within a 15-mile radius, it is one of a select few retailers in the area and will serve as a shopping destination for the area’s surrounding population. The property is ideally situated at a prominent intersection in the Herscher, E State Route 115 Highway 12, and positioned adjacent to a Chevrolet Dealership. Browse TIC Properties >>>

Tenant Info

Tenant: Dollar General
Net Worth / Credit Rating: $5.38 billion / BBB/Stable
Ticker Symbol: DG
Website: dollargeneral.com

Lease Info

Type: Absolute NNN
Term: 15 years
Corp. Guaranteed Lease: Yes
Rent Commencement: 12/12/2017
Lease Expiration: April 30, 2032
Owner Responsibility: None
Tenant Responsibility: Taxes, Insurance, Utilities, Maintenance
Annual Rent: $132,000
Rent Escalations: 3% in year 11, 10% w/ each option period
Renewal Options: (2) 5-year renewal options

Demographics

Location: Herscher, IL
Population: 1544
Avg Household Income: $67,100

The property is not only the sole dollar store within a 15-mile radius, it is one of a select few retailers in the area and will serve as a shopping destination for the area’s surrounding population. The property is ideally situated at a prominent intersection in the Herscher, E State Route 115 Highway 12, and positioned adjacent to a Chevrolet Dealership.