Convenience Store For Sale
12,470 Sq Ft
Capital Pacific is pleased to present the opportunity to acquire a rare, urban-infill Dollar General in Chicago, Illinois. The subject property features a corporate guaranty from Dollar General, one of the largest retailers in the U.S. with over $25 billion in annual revenue. The NN lease limits Landlord obligations to roof (10 year warranty) and structure, with Tenant responsible for all other costs. This is a rare urban Dollar General store that benefits from the dense surrounding population. The property is well located on S. Racine Avenue, one of Chicago’s busiest thoroughfares which runs the length of the city, and features excellent visibility and parking.
Dollar General generated $25.6 billion in 2018 fiscal year sales and net income of $1.6 billion. Dollar General currently operates over 15,000 stores in 44 states, making it the country’s largest small-box discount retailer. The company has an S&P rating of BBB, which has been raised five times since 2009, and is a better credit rating than its main competitors. Dollar General’s stock is up 45% over the past 24 months.