Sold1 / 6Retail – Discount / GroceryRiverton, ILCode AMC-3771
Dollar General – Riverton, IL
Riverton, IL
Status
Sold
Closed Feb 20, 2025 · Listed Jun 21, 2024
Sale price and cap rate are not disclosed. Property facts are shown as marketed.
Property details
- Tenant
- Dollar General
- Property type
- Retail – Discount / Grocery
- Lease type
- NN+ Lease
- Lease guarantee
- N/A
- Term remaining
- 6 yrs
- Listing code
- AMC-3771
Investment highlights
- Located right outside the Springfield, MSA
- Tenant Exercised an Early Lease Extension showing Commitment to the Site
- Tenant is Responsible for HVAC Repair/Replacement and the Cost of all CAM
- 15 Year Operating History with Low-Rent
- Landlord Favorable NN+ Lease
- Corporately Guaranteed Lease by Dollar General (S&P-BBB Credit)
Sale description
AMC Real Estate Investment Services is pleased to offer a prime investment opportunity: a net lease Dollar General property located at 1259 N 7th St, Riverton, IL. This property presents an attractive 8.5% cap rate with a stable and committed tenant, Dollar General, which has exercised an early lease extension. Situated just outside the Springfield MSA, this store benefits from a strong local economy and growing population, making it an excellent addition to any investment portfolio.
Published Jun 21, 2024. Information is provided by AMC REIS from sources believed reliable; buyers should verify all figures in the offering memorandum.
Location
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Riverton, IL
Pin placed from the listed street address. Site boundaries and conditions are described in the offering memorandum.
Open in Google MapsDemographics
Population and average household income by radius from the site, as marketed.
| Radius from site | Population | Average income |
|---|---|---|
| 3 Mile | 7,415 | $83,923 |
| 5 Mile | 23,604 | $87,830 |
| 10 Mile | 120,940 | $74,794 |
