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7443 S Racine Ave
Chicago, IL 60636 Englewood

$1,423,000

Convenience Store For Sale  •  12,470 Sq Ft

Property Details

  • Property Type Convenience Store
  • Total Building Size 12,470 Sq Ft
  • Lot Size 1.13 ac
  • Building Class B
  • Year Built 1966
  • Cap Rate 7.00 %
63 Transit Score
74 Walk Score

Description

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.

Highlights

10-year NN corporate lease with guaranty
5% rent bump in Year 6 and for each of the three 5-year options
New 10-year roof warranty; limited Landlord responsibility
Rare urban, high density location – Chicago is the nation’s 3rd largest city by population
$25.6B revenue company with BBB Credit Rating

Property Flyers

Financial Summary

Cap Rate: 7.00 %

Public Transportation

Commuter RailDriveWalkDistance
Brainerd Station Commuter Rail (Rock Island District Line) 7 min - 2.1 mi
Gresham Station Commuter Rail (Rock Island District Line) 5 min - 2.1 mi
AirportDriveWalkDistance
Chicago Midway International Airport 15 min - 7.6 mi
Chicago O'Hare International Airport 41 min - 26.0 mi
John Andreini 415-274-2715 Capital Pacific
John Andreini 415-274-2715 Capital Pacific