Dollar General,
Lynwood, IL Investment Summary
| Price | $1,767,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 15 Years |
| Lease Type | Absolute NNN, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot |
| Rental Increases | 10% Rental Increases In Option Periods |
| Year Built | 2022 |
| Building Size | 9,002 SF |
| Lot Size | 1.19 Acres (51,836 SF) |
| Status | Sold |
| Lead Brokers | Scott Crowle Executive Managing Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Michael T. Yuras, CCIM Vice Chairman 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Ryan Forsyth Executive Managing Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Vincent Aicale Executive Managing Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 |
Investment Highlights
NEW 15-YEAR ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Dollar General’s annual revenue exceeds $27.8 billion
» Dollar General Ranked #119 on Fortune 500 list (11 consecutive years of Fortune 500 ranking growth)
» Dollar General operates more than 16,350 locations in 45 states and has plans for significant future growth
» 10% rental increases in initial term and option periods, providing a hedge against inflation
» No landlord management, with the tenant responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» Ideal investment opportunity for an out-of-area investor
STRATEGIC LOCATION ON NEWFIELD’S MAIN THOROUGHFARE
» Easily accessible location from the signalized hard-corner intersection of East Glenwood Dyer Road (11,800 AADT) and Vollbrecht Road
» Located minutes off State Route 394, Lynwood’s primary north-south thoroughfare leading to Downtown Chicago (66,800 AADT)
» The property serves 174,986 residents within a five-mile radius
» Average annual household income of $85,269 within one mile (projected to increase 16 percent by 2026)
» Five miles from the Illinois/Indiana State Line, attracting significant amounts of commuter traffic to and from the site
NEW 2022 CONSTRUCTION UPGRADED WITH CORNER-ENTRY THREE SIDES PLANK, WAINSCOT, AND SHUTTERS
» High-quality construction completed in 2022
» Ample and easily accessible parking on large 1.19-acre site
» 21-foot pylon sign at the intersection of East Glenwood Dyer Road and Vollbrecht Road, attracting additional traffic to the site
Property Description
SOLD
This Dollar General is easily accessible from the signalized hard-corner intersection of East Glenwood Dyer Road and Vollbrecht Road. The property is strategically located near State Route 394, Lynwood’s primary north-south thoroughfare leading to Downtown Chicago (66,800 AADT). The site serves 174,986 residents within a five-mile radius, providing a large and consistent customer base for the site. The average annual household income is $85,269 within one mile and is projected to increase 16 percent by 2026, poising Lynwood and Dollar General for significant concurrent growth.
