726 Main StStaunton, IL 62088

Property Details for 726 Main St

Lot size

1.07 AC

Property type

Commercial real estate

APN

01-000-670-00

APU

100067000

Description

This exceptional investment opportunity presents a fee-simple ownership of a 9,014 square foot Dollar General store located at 726 E Main St, Staunton, IL 62088. The property sits on a 1.07-acre lot in a prime location, boasting frontage on Main Street, Staunton's primary thoroughfare, and is conveniently situated less than a mile from two of Staunton's top five employers. The building, constructed in 2009, is a single-story Class B retail storefront with a 100% occupancy rate. The current tenant, Dollar General, holds a 20-year net lease (NN) with a remaining term of approximately 4.4 years. The lease includes three five-year options with a 10% rent increase at each option. The current annual net operating income (NOI) is $75,600, resulting in a compelling 7.80% capitalization rate. Recent improvements include two brand-new 10-ton HVAC units installed in August 2024, representing a $32,000 investment by the seller. The property benefits from its proximity to I-55 (31,500 vehicles per day), providing easy access to St. Louis, MO, a metropolitan area with a population of 2.8 million. Dollar General, a publicly traded company (NYSE: DG) with a BBB credit rating from S&P, achieved $38.69 billion in revenue in 2023. This store is a strong performer, ranking in the 88th percentile within a 10-mile radius. The asking price is $969,000, translating to $107.50 per square foot. This is a rare opportunity to acquire a well-performing, investment-grade retail property with a strong tenant and significant upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $13,028,851

  Hospitality

  $11,934,357

  Educational

  $9,929,245

  Medical

  $10,270,727

  Retail

  $15,445,492

Location Insight

City

Staunton

County

Macoupin

State

Illinois

Latitude

39.0137

Longitude

-89.7788

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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