Dollar General

Dollar General

4329 W State Street
Rockford, IL

Price: $1,827,000
Cap: 5.75%
NOI: $105,000
Building Size: 10,566 SF
Lot Size: 1.7 AC

Investment Highlights

2021 UPGRADED CONSTRUCTION DOLLAR GENERAL
• New 10,566 SF upgraded construction Dollar General located in Rockford, IL.
• The store opened in November 2021.

5 MILE POPULATION: 89,769
• This Dollar General is only 3 Miles outside of downtown Rockford and has a 5 mile population of 89,769.
• Located off of Hwy 20 (20,900 VPD) on W State St (9,900 VPD).
• National Retail in Rockford includes Target, The Home Depot, Lowe’s Home Improvement, Hobby Lobby and more.

ROCKFORD
• Rockford is the county seat of Winnebago County and is the 5th largest city in the state.
• The city is located in the burgeoning I-90 growth corridor and is part of the 3rd largest economic corridor in the U.S.
• Rockford has high performing world class industry clusters in aerospace, automotive, logistics and advanced manufacturing. Rockford is also a growing regional center for health care.
• Rockford is home to the operations of several large companies such as: Mercy Health System, Swedish American, part of UW Health, Collins Aerospace, United Parcel Service, OSF St. Anthony’s Healthcare, Fiat Chrysler, Woodward Inc., Lowe’s Distribution Center, Mondelez International, and Packaging Coordinators Inc.
• Rockford is 60 minutes from O’Hare International Airport (ORD) and is served by the city’s own international airport – Chicago Rockford International Airport (RFD). RFD is home to the second largest UPS air cargo hub in the country.

14-YEAR CORPORATE NNN LEASE
• There are 14 years left on an original 15-year corporate guaranteed NNN Lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, parking lot, roof and structure.
• There are 10% rent increases in each of the Four, 5-year option periods.

INVESTMENT GRADE TENANT
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 18,600 locations and expanding by 1,000 stores each year.
• Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion

Don McMinn
OFFERING MEMORANDUM

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