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Investment Highlights

  • Built to Suit in 2010 and Recent Remodel in 2025
  • Double Net Lease with Corporate Guarantee
  • Over 21,906 Residents within Five Miles with Average Household Income of $75,756
  • Parking Lot was Repaired and Sealcoated in May 2026
  • Across from Spring Valley Supermarket
  • Part of a Seven Location Dollar General Portfolio and Available for Sale Individually

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,014 SF
Building Class
C
Year Built
1945
Price
$2,253,463 CAD
Price Per SF
$250.00 CAD
Cap Rate
7.50%
NOI
$168,987 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.96 AC
Zoning
Light Ind
Parking
30 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
50’ on Spalding St

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • Nov 2030

Dollar General began in 1939 as J.L. Turner and Son, a family business rooted in Scottsville, Kentucky, and later adopted the Dollar General name as the business expanded. The company built its model around small-box discount retailing and a simple mission centered on serving customers with affordable products and services. The company offers food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, sold through Dollar General, DG Market, DGX, pOpshelf, and Mi Súper Dollar General formats. Dollar General also sells products online and combines private brands with widely recognized national brands across a broad consumer mix.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - Nov 2030
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Nearby Major Retailers

Heartland Bank & Trust Company
Valley Storage

Property Taxes

Property Taxes

Parcel Number
18-34-436-016
Land Assessment
$5,537 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,537 CAD
  • Listing ID: 37353359

  • Date on Market: 2025-08-20

  • Last Updated:

  • Address: 116 S Spaulding, Spring Valley, IL 61362

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