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STNL Investment with Corporate Guarantee 500 E Saint Joseph St 9,000 SF 100% Leased Retail Building Online Auction Sale Springfield, IL 62703
INVESTMENT HIGHLIGHTS
- Renovated STNL Dollar General, leased through August of 2026, delivering a turnkey investment that provides passive, stable income.
- Just off the Interstate 55 spur, and less than a mile from Interstate 72, providing seamless access for customers from the greater region.
- Along the main retail corridor of Springfield, IL, near national retailers such as Walmart Supercenter, Walgreens, Starbucks, and Jimmy John’s.
- Located only 3 miles from the University of Illinois Springfield, delivering a built-in audience of over 4,300 students.
EXECUTIVE SUMMARY
Benefit from fully NN income with the acquisition of a well-positioned Dollar General at 500 E St. Joseph Street in Springfield, Illinois. The property spans a total of 9,000 square feet on 0.45 acres. Leased through August 2026, this performing investment offers hands-off income with little to no involvement needed from a new owner.
Dollar General was founded in 1986 and has since exploded to occupy more than 19,000 US locations, making it among the largest small-box discount retailers in the country. As one of the few Net Lease Retailers within the industry that offer corporate guarantees and a healthy credit rating, Dollar General is the perfect tenant for investors to gain safe leverage. The financial strength of the tenant, with increasing sales and profit year-over-year, coupled with recently signed lease extensions, ensures stability as a long-term investment.
Fully renovated in 2019, this freestanding asset is situated just off Interstate 55 spur and less than a mile from the interchange with Interstate 72, offering strong connectivity to customers from the surrounding area. The location sees elevated customer traffic, thanks to its convenient proximity to national retail locations for Walmart Supercenter, Walgreens, AutoZone, Starbucks, Jimmy John’s, and more. Situated just 3 miles Northeast of the University of Illinois Springfield, the property also benefits from a built-in audience of more than 4,300 students.
Property tours are by appointment only. Please contact the listing broker to schedule.
Property Listed by Scott Reid | ParaSell Inc. | IL Licensed Broker #: 471020418
Dollar General was founded in 1986 and has since exploded to occupy more than 19,000 US locations, making it among the largest small-box discount retailers in the country. As one of the few Net Lease Retailers within the industry that offer corporate guarantees and a healthy credit rating, Dollar General is the perfect tenant for investors to gain safe leverage. The financial strength of the tenant, with increasing sales and profit year-over-year, coupled with recently signed lease extensions, ensures stability as a long-term investment.
Fully renovated in 2019, this freestanding asset is situated just off Interstate 55 spur and less than a mile from the interchange with Interstate 72, offering strong connectivity to customers from the surrounding area. The location sees elevated customer traffic, thanks to its convenient proximity to national retail locations for Walmart Supercenter, Walgreens, AutoZone, Starbucks, Jimmy John’s, and more. Situated just 3 miles Northeast of the University of Illinois Springfield, the property also benefits from a built-in audience of more than 4,300 students.
Property tours are by appointment only. Please contact the listing broker to schedule.
Property Listed by Scott Reid | ParaSell Inc. | IL Licensed Broker #: 471020418
DATA ROOM Click Here to Access
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Storefront
Building Size
9,000 SF
Building Class
C
Year Built/Renovated
1992/2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.45 AC
Parcel Numbers
Zoning
Improved Comm
Parking
30 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
141’ on E St. Joseph
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
3,635
54,208
118,387
2020 Population
3,543
52,652
115,063
2029 Population
3,620
54,024
117,974
2024-2029 Projected Population Growth
-0.4%
-0.3%
-0.4%
Daytime Employees
4,046
39,201
126,968
Total Businesses
408
3,842
10,128
Average Household Income
$66,705
$71,999
$78,968
Median Household Income
$58,408
$55,518
$59,662
Total Consumer Spending
$42.1M
$616.7M
$1.4B
Median Age
41.7
38.3
40.4
2024 Households
1,742
24,301
52,953
Percent College Degree or Above
12%
17%
18%
Average Home Value
$90,238
$162,756
$190,227
$ values in USD
NEARBY MAJOR RETAILERS
SALE ADVISORS
SALE ADVISORS
Shawn Behrouz, Associate of Investment Sales
Shawn Behrouz specializes in the acquisition and disposition of single-tenant net lease retail properties, with a sub-specialty in sale-leasebacks and new construction projects nationwide. By leveraging advanced market insights and exceptional sales expertise, he strategically adds value to his clients’ investments. Behrouz combines strong networking skills with a client-focused approach, utilizing Value Net Lease Partners’ tools and resources to connect qualified buyers and sellers across the country and effectively achieve his clients’ financial goals.
Neil Naran, Broker
Neil Naran specializes in the acquisition and disposition of single tenant net lease retail properties. His sub specialty is focused around sale leaseback and new construction throughout the country. By harnessing advanced market insights, exceptional sales expertise, , he strategically adds value to his clients’ investments. He effectively utilizes networking skills, a client-centered approach, and Value Net Lease Partner’s tools & resources to connect with qualified buyers and sellers across the nation, ensuring he executes his clients’ financial objectives.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
AUCTION CONTACT
Keisha Hartshorn
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 478027045
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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STNL Investment with Corporate Guarantee | 500 E Saint Joseph St
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