Multi-State NN Dollar Store Portfolio 6 Bien de détail Vente aux enchères en ligne Localisations multiples

Value Net Lease Partners is proud to exclusively present the auction sale of this six-property portfolio, fully occupied by corporate guaranteed dollar store tenants, Dollar General and Dollar Tree, on long-standing, NN lease agreements. The portfolio comprises a total of 52,079 square feet and 4.24 acres of commercial land across Illinois, Missouri, Tennessee, and Alabama. With an average of 4.3 years remaining on the existing leases, a new owner will enjoy a low-maintenance investment with a robust, going-in NOI.

The financial strength of these tenants, with increasing sales and profit year-over-year, coupled with recently signed lease extensions, ensures stability as a long-term investment. Both tenants demonstrate the proven ability to run profitable operations at regional or small-town locations. Dollar Tree was founded in 1986 and currently boasts 8,200 stores across the United States. The brand’s commitment to offering quality products at affordable prices has garnered a loyal customer base. The company acquired Family Dollar in 2015, bringing another 8,206 locations to their footprint. Dollar General was founded more recently in 1986 but has since exploded to occupy more than 19,000 US locations, making them the largest small-box discount retailers in the country. As one of the few net lease retailers within the industry that offer corporate guarantees and a healthy credit rating, Dollar General is the perfect tenant for investors to gain safe leverage.

Learn more about the properties in this exciting portfolio.

225 Church Street in Andalusia, Alabama, spans a total of 9,090 square feet originally built on the 0.59-acre lot in 1984. The tenant, Dollar General, has a history of success in the location and carries 4.9 years remaining on the current lease term. Its prime location sits within a five-minute walk of Andalusia’s town square and less than a mile from Highway 29, the city’s busiest commercial corridor with dozens of national retailers. The location is also just 1 mile from the 88-bed Andalusia Health Hospital, delivering an additional built-in audience of patients and their families.

505 S Commercial Drive in Abingdon, Illinois, spans a total of 8,000 square feet originally built on 0.53 acres in 2002. This long-standing location for Dollar General has 5.3 year remaining on the lease term. The site has direct frontage to the main artery of the city, Highway 41, visible to more than 3,800 daily vehicles. It is positioned directly adjacent to the city’s busiest grocery store, Hi-Lo Grocery, and is easily accessible from the local high school, delivering strong customer traffic.

721 S Main Street in Monmouth, Illinois, makes up the sole Dollar Tree location in the portfolio, occupying 7,775 square feet that was built on 1.26 acres in 2002. It enjoys direct frontage to S Main Street, the primary commercial corridor of Monmouth, with daily traffic of more than 3,600 vehicles, and is within walking distance of the city’s lively public square. Conveniently accessible from large employers such as Hirschbach Motor Lines and Midwestern Pet Foods Inc., as well as Monmouth University, with more than 5,200 students and staff, the location benefits from a dependable customer base.

500 E Saint Joseph Street in Springfield, Illinois, comprises 9,000 square feet on 0.45 acres, originally built in 1994 and fully renovated in 2019, with the current lease running for another 1.5 years. This prime location is just off Interstate 55 and less than a mile from the interchange with Interstate 72. The surrounding area is brimming with traffic-driving retailers, as well as popular recreation opportunities such as Bunn Golf Course and Southwind Park.

425 Hunt Street in Leadwood, Missouri, operates as a Dollar General with approximately 9,014 square feet built on 0.89 acres. Situated just off Highway 8, the location serves as the primary convenience/general store for Leadwood, with access to an additional large customer base in Desloge and Park Hills, just five minutes away.

7006 Cumberland Gap Parkway in Harrogate, Tennessee, offers a 9,200-square-foot facility operating as a Dollar General. It was originally built on a 0.52-acre lot in 1996. The property enjoys a fantastic location just off Highway 256/Cumberland Gap Parkway, visible to more than 23,000 daily vehicles passing the site. Directly across the Parkway, Lincoln Memorial University provides a sizeable built-in audience, with more than 7,700 students and staff. Additionally, customers travelling from nearby Middleboro can reach the location in just five minutes.

Property tours are by appointment only. Please contact the listing broker to schedule.

Property listed by Scott Reid | ParaSell Inc. | AL #000126182, IL #471020418, MO #2019024102, TN #347634