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555 Progressive Ln
South Beloit, IL 61080

$750,000 USD

Freestanding For Sale  •  8,125 SF

Property Details

• Property Type Freestanding
• Total Building Size 8,125 SF
• Lot Size 0.88 AC
• Building Class C
• Year Built 2004
• Cap Rate 8.00 %
• Tenancy Single
• Zoning Commercial

0 Transit Score

38 Walk Score

Highlights

Single-tenant Dollar General with a corporate-backed NN lease

Lease runs through 2029 with one remaining 5-year renewal option; the tenant has renewed three times since opening

Base rent positioned well below prevailing market rates for comparable retail in the submarket

Dollar General Corporation (NYSE: DG) — Fortune 500, investment-grade BBB rating (S&P), 21,000+ locations nationwide

CoStar traffic count of approximately 15,246 vehicles per day

Surrounded by national and regional retailers including ACE Hardware, NAPA Auto Parts, Subway, O’Reilly Auto Parts, Dollar Tree, and Mobil

Property Flyers

DollarGeneral_SouthBeloitIL

Cap Rate:

8.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Dollar General

Public Transportation

Airport	Drive	Walk	Distance
Chicago/Rockford International	44 min	-	23.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	40
Type:	Surface
Included in Rent:	Yes