Danville, IL
Price: $1,575,000
Cap Rate: 5.20%
Status: AVAILABLE
Dollar General
1427 North Bowman Avenue | Danville, IL 61832
Blue West Capital is pleased to exclusively offer for sale a new construction build-to-suit Dollar General in Danville, Illinois. The property features a 15-year lease with approximately 14 years remaining. Dollar General relocated to this property from a nearby inline store. Dollar General is an investment grade rated company with a Standard & Poor’s BBB rating.
This Dollar General benefits from a proven and established customer base with minimal nearby competition. The surrounding market boasts of a population of over 41,000 people living within five miles. It’s located in close proximity to an AutoZone distribution center and many other large industrial properties.
The property is positioned just north of the heavily trafficked signalized intersection with over 20,000 vehicles per day. Retails in the immediate vicinity include Casey’s, Circle K, Citgo, First Midwest Bank, and Ela’s Eatery.
- Long term lease with approximately 14 years remaining
- Dollar General relocated to this property from a nearby inline location
- This Dollar General benefits from a proven and established customer base with minimal nearby competition
- Large market with over 41,000 people living within five miles of the property
- Brand-new construction build-to-suit (2020)
- Absolute triple net lease with no landlord responsibilities
- Situated at a signalized intersection
- Dollar General is an investment grade rated company (S&P: BBB)
- Positioned just north of the heavily trafficked signalized intersection of North Bowman Avenue and East Voorhees Street (20K VPD)
- Retailers in the immediate vicinity include Casey’s, Circle K, Citgo, First Midwest Bank
- Danville is located just north of Interstate 74
- Property is located in close proximity to an AutoZone distribution center and many other large industrial properties
- Danville is the county seat of Vermilion County
- Dollar General is a best-in-class operator that is an e-commerce resistant and recession-proof company
OFFERING SUMMARY
Price: $1,575,000
Cap Rate: 5.20%
Building Size: 9,100 SF
Lot Size: 1.46 Acres
INVESTMENT CONTACT
ZACH WRIGHT
Director & Partner
Investment Sales
720.966.1628
Zach@BlueWestCapital.com
BRANDON WRIGHT
Associate
Investment Sales
720.828.7457
Brandon.Wright@BlueWestCapital.com