Dollar General

HERSCHER, ILLINOIS

Over the last 10 years, Dollar General has rekindled America’s love for the “corner store” as an increasing staple of the national retail landscape. Their continued corporate strength and expansion has made Dollar General one of most attractive net lease investments
available.

Property Information

• Tenant: Dollar General

• Location: 301 E. State Route 115, Herscher, IL 60941

• Property Type: Freestanding, Retail

• Building Size: 9,026 sq ft

• Purchase Price: $710,274.00

• Cap Rate: 6.00%

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Herscher, IL

Herscher is a small town in Kankakee County, Illinois. Hersher is located only 17 miles west from downtown Kankakee and 76 miles southwest from Chicago. The town consists of 1.81 square miles in total, 100% of which is land. Herscher has a lot to offer — great schools, prosperous business both large and small, and helpful organizations. Herscher is small town America at its best.

About Tenant In Common

Tenant in common or TIC ownership allows two or more people to hold an ownership interest in a property. Each property owner or business entity holds its own separate stake in the property and receives a deed. Their interests do not have to be equal.

This Millcreek Commercial property has the following characteristics:

• Long-term lease, absolute NNN lease, corporate guarantee

• Satisfies IRS requirements for 1031 exchanges