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Dollar General 555 Progressive Ln 8,125 SF Retail Building South Beloit, IL 61080 $1,044,825 CAD ($128.59 CAD/SF) 8% Cap Rate
Investment Highlights
- Single-tenant Dollar General with a corporate-backed NN lease
- Base rent positioned well below prevailing market rates for comparable retail in the submarket
- CoStar traffic count of approximately 15,246 vehicles per day
- Lease runs through 2029 with one remaining 5-year renewal option; the tenant has renewed three times since opening
- Dollar General Corporation (NYSE: DG) — Fortune 500, investment-grade BBB rating (S&P), 21,000+ locations nationwide
- Surrounded by national and regional retailers including ACE Hardware, NAPA Auto Parts, Subway, O’Reilly Auto Parts, Dollar Tree, and Mobil
Executive Summary
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
- -
- -
- -
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 | ||
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Retailer | - | - | - |
Property Taxes
| Parcel Number | 04-18-102-003 | Improvements Assessment | $169,432 CAD |
| Land Assessment | $75,007 CAD | Total Assessment | $244,440 CAD |
Property Taxes
Presented by
CPP CRE ILLINOIS, LLC
Dollar General | 555 Progressive Ln
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