New Berlin, IL (Springfield MSA)
Price: $1,089,700
Cap Rate: 6.80%
Status: UNDER CONTRACT
Dollar General
4855 Waverly Road | New Berlin, IL 62670
Blue West Capital is pleased to offer for sale a Dollar General located in the Springfield MSA. This location offers a long-term net lease with over 7 years remaining and a proven strong performing store evidenced by Dollar General’s recent early lease extension.
Dollar General is an investment grade rated company (S&P BBB) with a $49 billion market capitalization and is an e-commerce resistant and recession-proof company. Dollar General is committed to this location and recently performed a store remodel.
- Located just south of Interstate 72
- Average annual household incomes in excess of $95K within a ten mile radius
- 10% rental increases in each renewal option period
- Minimal competition in the area
OFFERING SUMMARY
Price: $1,089,700
Cap Rate: 6.80%
Building SF: 9,014 SF
Year Built: 2009
INVESTMENT CONTACT
ZACH WRIGHT
Director & Partner
Investment Sales
720.966.1628
Zach@BlueWestCapital.com
BRANDON WRIGHT
Analyst
Investment Sales
720.828.7457
Brandon.Wright@BlueWestCapital.com