4101 Pontoon RdPontoon Beach, IL 62040

For Sale
$550,000

High-traffic, net-leased Dollar General. Strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a net-leased Dollar General store located at 4101 Pontoon Rd, Pontoon Beach, IL 62040. The 8,250 square foot property sits on a 0.74-acre lot and boasts a strong financial profile, including a 6.70% cap rate and a net operating income (NOI) of $36,605. The property is currently under a triple-net (NNN) lease with a credit-rated tenant, backed by a corporate guarantee, offering minimal landlord responsibilities. The lease commenced August 1st, 1999, and has a remaining term of approximately 1.6 years, expiring June 30th, 2026. The asking price is $550,000, translating to a price per square foot of $66.67. This strategically located property benefits from high visibility on Pontoon Rd, experiencing over 9,775 vehicles per day. The surrounding area demonstrates strong demographics, with average household incomes exceeding $74,000 within a 3-mile radius. Its proximity to Southwestern Illinois College further enhances its appeal. The tenant's long-term commitment, evident in their continuous occupancy since 1999, underscores the property's stability and potential for consistent returns. This presents a compelling investment opportunity in the St. Louis, MO metro area.

Highlights

  • $550,000 asking price for a 8,250 SF retail property in Pontoon Beach, IL.
  • Net lease with a credit-rated corporate guarantee from Dollar General.
  • 1.6 years remaining on a 26.9-year lease, generating $36,605 annual NOI and a 6.70% cap rate.
  • High-traffic location on Pontoon Rd with over 9,775 vehicles per day.
  • Strong demographics: Average household income exceeding $74,000 within a 3-mile radius.
  • Excellent location in the St. Louis, MO metro area, near Southwestern Illinois College.

Property Details for 4101 Pontoon Rd

Property type
Other retail properties, Individual retail properties
Square Feet
8,250 SF
Lot Size (sq. ft)
32,234 SF

Location Insight

City
Pontoon Beach
County
Madison
State
Illinois
Latitude
38.731584379483
Longitude
-90.076541988591
4101 Pontoon Rd, Pontoon Beach, Illinois

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4101 Pontoon Rd
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