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Dollar General Net Lease Double NN Dollar Store Illinois

Dollar General | Colona, IL
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Investment Offering

Tenant: Dollar General | Colona, IL
Premises: 9,100 SF
Renewal Options: 3 x 5 Years

Lease Expiration: 4/30/2030
Lease Type: NN
Rental Increases: 5% at Options


We Are Pleased to Present Exclusively For Sale the Dollar General Net Lease Investment Opportunity Located at 901 1st Street in Colona (Quad Cities), Illinois.

  • Dollar General Has Extended Its Lease in May 2020 For 10 Years, Showing Commitment to This Location
  • Corporate Guarantee From Investment Grade Tenant Dollar General Corporation (NYSE: DG); Dollar General Has Been Deemed an Essential Business
  • Dollar General Has Hired Over 50,000 New Employees to Support Operations Across Its Organization Amid Heightened Demand to Meet Customers Essential Needs
  • Dollar General Makes a Compelling Investment Opportunity in Light of the Country’s Current Economic Challenges, Read More Here
  • Wells Fargo Believes Dollar General is Best-Positioned For COVID-19 Economic Fallout; Read More Here
  • Demographics Include a Population of 145,303 Residents Making an Average Household Income of $80,201 Within a 10-Mile Radius
  • Colona Sits on the Southeastern Corner of the Quad Cities Which Consists of Rock Island, Moline and East Moline (in Illinois); and Davenport and Bettendorf (in Iowa); They Have a CSA Population of 474,937 People
  • Colona is Situated Just 15 Minutes From the Quad City International Airport
  • Equidistant Between Chicago to the East and Des Moines to the West – Roughly 2.5 Hours in Either Direction
  • The City is Uniquely Located at the Intersection of Four Interstate Highways and Two Illinois Highways
  • Colona is Surrounded By Three Bodies of Water Which Provide Ample Opportunities to Participate in a Variety of Water Activities Such as Fishing, Boating, Rafting or Tubing; and Has a Dedicated Bike and Trail Path Running Along it
  • Nearby Tenants Include: USPS, Grease Monkeys Sports Bar & Grill, Dairy Queen, Maria’s Pizza, Subway, Pizza Hut and Shell
In Cooperation With:
Latitude Commercial Realty, Inc. IL Lic. # 478027290
2342 Cline Avenue, Schererville, IN 46375

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Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities

Tenant Overview

Dollar General Corporation (NASDQ: DG) was founded in 1939 and has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money.

Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at low everyday prices in convenient neighborhood locations. In addition to high quality private brands, Dollar General sells products from America’s most-trusted brands such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo.

Dollar General operated 16,368 stores in 45 states as of February 28, 2020 with 16 different distribution centers. For fiscal 2018, Dollar General executed approximately 2,000 real estate projects comprised of 900 new stories, 1,000 store remodels and 100 store relocations. For the 52-week fiscal year ending January 29, 2021 (“fiscal year 2020”), the company plans to execute nearly 2,600 real estate projects, including 1,000 new store openings, 1,500 mature store remodels, and 80 store relocations. The company continues to expect capital expenditures in the range of $775 million to $825 million. Dollar General Net Lease

Area Overview

Dollar General | Colona, IL

901 1st Street - Colona, IL 61241

Contact Broker for Details

Status: Sold

Dollar General | Colona, IL

Elan Sieder

512.649.5185
elan@SIGnnn.com

Aaron McDermott

219.864.0200
aaron@latitudeco.com

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$8 BILLION IN SALES

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Our Intentions

We believe in giving back. There’s a big world outside of the real estate bubble and we know that with success comes responsibility.

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