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More details for 1549 Lake Park Dr, Germantown, IL - Retail for Sale

Dollar General | Corp NNN w/ 6+ Yrs - 1549 Lake Park Dr

Germantown, IL 62245

  • NNN Property
  • Retail for Sale
  • $1,591,641 CAD
  • 9,014 SF

Germantown Retail for Sale - Clinton County

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, corporate guaranteed, Dollar General investment property located in Germantown, IL. The tenant, Dolgencorp, LLC, recently extended their lease through November 2029, demonstrating their long-term commitment to the site. The lease features scheduled rental increases at the beginning of each 3 (5-year) option periods, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. Dollar General is a nationally recognized and established discount store chain with over 19,000 stores in operation.

Contact:

SRS Real Estate Partners

Property Subtype:

Freestanding

Date on Market:

2023-07-17
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