1717 Lake Land Blvd Mattoon, IL 61938

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,566-square-foot Dollar General Plus store in Mattoon, Illinois. Located at 1717 Lake Land Blvd, this single-tenant property boasts a 15-year absolute NNN lease commencing January 21, 2024, and expiring January 15, 2039, with a remaining term of approximately 14.2 years. The lease includes a favorable 5% rent increase every five years throughout the primary term and each of the five five-year renewal options. The tenant, Dollar General Corporation, holds an investment-grade credit rating of "BBB," ensuring financial stability. The property, built in 2023, sits on a 1.1-acre lot and enjoys a prime location on Lake Land Blvd, a major thoroughfare with 8,108 vehicles passing daily. The strong demographics include a ten-mile population of 19,233 and a five-mile average household income of $62,072. The asking price is $2,124,439, reflecting a 6.60% cap rate based on a net operating income (NOI) of $140,213. This is a turnkey investment with zero landlord responsibilities, making it ideal for a 1031 exchange or passive investor seeking a secure, high-return opportunity in a thriving retail market. The property's Class A designation and 100% occupancy further enhance its appeal.