Dollar General 764 S Blanche St 9,014 SF Retail Building Mounds, IL 62964 $1,127,484 ($125.08/SF) 7.75% Cap Rate

INVESTMENT HIGHLIGHTS

  • Close proximity to Interstate 57 which links Mounds to Chicago, IL to north and Sikeston, MO to the south
  • Close proximity with the nearest Walmart located 27 miles from the property

EXECUTIVE SUMMARY

Dollar General is an investment grade rated tenant (S&P: BBB). 5 years remaining on lease renewal. 10% rental escalations in each renewal option period. Minimal landlord responsibilities - Dollar General fully reimburses for CAM. Dollar General is publicly traded on the New York Stock Exchange (DG) with a market capitalization of approximately $29 billion. Dollar General has had 35 consecutive years of same store sales growth proving to be resistant to both difficult economic times and e-commerce.

ATTACHMENTS

764s_Blanche_Street_OM_SMT

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
B
Year Built
2010
Price
$1,127,484
Price Per SF
$125.08
Cap Rate
7.75%
NOI
$87,380
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.51 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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PROPERTY TAXES

Parcel Number 07-22-200-054 Improvements Assessment $269,967
Land Assessment $2,614 Total Assessment $272,581

CONTACTS

  • Andrew Monette
    Andrew Monette
  • Dallas Sandberg
    Dallas Sandberg

  • Listing ID: 35700713

  • Date on Market: 5/1/2025

  • Last Updated:

  • Address: 764 S Blanche St, Mounds, IL 62964