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Dollar General, Lynwood, IL

Dollar General

Lynwood, IL

Price $1,821,000
Cap Rate 4.85%
NOI $88,308
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 Available
Lead Broker Information 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

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.

Contact Us About This Property

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