421 Broadway Street
Mount Vernon, IL 62864
- Price: $546,000.00
- Cap Rate: 7.25
- Lease Term: Lease to February 28th, 2025 @ Rent = $3,300.
- Lessee to reimburse for Property Taxes and Grounds Maintenance.
- Option #1, 5 years rent = $3,600
- Option #2, 5 years rent = $3,900
- Option #3, 5 years rent = $4,200
- Lot Size: +/-26,589 Sq. Ft.
- Building Size: +/-8,125 Sq. Ft.
- Year Built: 2003
High Volume Dollar General Store in a noteworthy location in Mount Vernon, IL. Mt Vernon has a population of 15,000 plus. This is a NN investment with minimal Landlord Responsibilities. Dollar General recently extended the corporate guaranteed lease term until February 28th, 2025.
Dollar General operated 14,000 stores in 44 states as of August 19, 2017. Dollar General has an investment rating of BBB by S&P.
Mount Vernon, known as “The King City”, is a city in and the county seat of Jefferson County, Illinois, United States. The population was 15,277 at the 2010 census.
Mount Vernon is the principal city of the Mount Vernon Micropolitan Statistical Area, which includes all of Jefferson and Hamilton counties. Located at the crossroads of I-57 and I-64, Mt. Vernon is the perfect location for many industries, retail businesses, regional medical services and tourism. Over one billion public and private dollars have been spent on development during the last six years. Under the guidance of a citizen/city generated Comprehensive Plan, Mt. Vernon has made great strides in infrastructure improvements: roads, water and sewer lines, growth in economic development: new retail, expansion/renovation of existing businesses, the attraction of new businesses, growth in recreational facilities and community events and the revitalization of our historic downtown area.