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537 University PkwyUniversity Park, IL 60484
Dollar General University Park IL
Asset ClassRetail
STNL Dollar General (Major Market Location)
overview of deal

Overview

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar General property positioned within the Chicago MSA in University Park, Illinois. The property was constructed in 2023 specifically for Dollar General. The subject lease commenced in August 2023 and features a 15-year term. Additionally, there are four 5-year renewal options with 10% rental escalation in each. The lease is triple net which presents no landlord responsibilities and is guaranteed by Dollar General Corporation.

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Investment Highlights

  • Positioned within the Chicago MSA – Ranked #3 in the United States for population size
  • Investment grade tenant – Standard & Poor’s BBB
  • New construction
  • NNN – no landlord responsibilities
  • New 15-year lease with 10% rental escalations in each option
  • Located along University Parkway (8,100 VPD)
  • Less than two miles east of Governors State University (4,400+ students)
  • Over 96,000 people live within a five-mile radius
  • Average household income within five miles is $78,162
  • Near a large industrial corridor along I-57 with tenants Amazon, Clorox, Georgia Pacific, DHL, DOT Foods, and several others
537 University PkwyUniversity Park, IL 60484

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Listing provided by Revere CRE