Dollar General
Herscher, illinois
Over the last 10 years, Dollar General has rekindled America’s love for the “corner store” as an increasing staple of the national retail landscape. Their continued corporate strength and expansion has made Dollar General one of most attractive net lease investments available.
Property Information
- Tenant: Dollar General
- Location: 301 E. State Route 115, Herscher, IL 60941
- Property Type: Freestanding, Retail
- Building Size: 9,026 sq ft
- Purchase Price: $710,274.00
- Cap Rate: 6.00%
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Herscher, IL
Herscher is a small town in Kankakee County, Illinois. Hersher is located only 17 miles west from downtown Kankakee and 76 miles southwest from Chicago. The town consists of 1.81 square miles in total, 100% of which is land. Herscher has a lot to offer — great schools, prosperous business both large and small, and helpful organizations. Herscher is small town America at its best.
About Tenant In Common
Tenant in common or TIC ownership allows two or more people to hold an ownership interest in a property. Each property owner or business
entity holds its own separate stake in the property and receives a deed.Their interests do not have to be equal.
This Millcreek Commercial property has the following characteristics:
Long-term lease, absolute NNN lease, corporate guarantee
Satisfies IRS requirements for 1031 exchanges
Office | 385.248.0613
Lease Information
- Lease Guarantor: DOLGENCORP
- Initial Lease Term: 15 Years
- Rent Increases: 3% year 11, 10% at start of each option
- Renewal Options: Five 5-year options