Sale of New Construction Dollar General in Illinois Date May 22, 2026
The Boulder Group has completed the sale of a single tenant brand-new construction Dollar General property located at 18895 State Route 142 in Opdyke, IL for $1,650,000. The property sold shortly following rent commencement. The Boulder Group’s Zach Wright and Brandon Wright represented the seller in the transaction, a Midwest-based real estate development company. The all-cash purchaser was a New York-based real estate investor in a 1031 exchange.
The brand-new construction Dollar General property is strategically located approximately eight miles south of Mount Vernon, a micropolitan area with approximately 86,000 people. The surrounding area is affluent with average annual household income of $101,000 within three miles. Opdyke is located approximately eighty miles east of Downtown St. Louis and is just south of Interstate 64.
The new 15-year Dollar General lease features rental increases every five years and zero landlord responsibilities. Dollar General is the leading discount retailer with over 20,000 locations and is an investment grade-rated company (S&P: BBB). Dollar General is planning to open 450+ new stores in 2026 and continues to experience same-store sales growth.
“Dollar General properties are amongst the only options for net lease buyers seeking properties for less than $2 million, with an investment grade corporate guaranty, an absolute triple net lease, and lease term of 15 years. These deals also offer an investor an attractive return compared to most other new construction net lease properties,” stated Zach Wright, Vice President.
“Dollar General leases are one of the most landlord-friendly leases in the single tenant net lease space. Most feature no landlord responsibilities and rental increases throughout the primary term and options,” added Brandon Wright, Associate.
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2013-2023, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.
For additional information, please visit www.BoulderGroup.com
PR Contact
Zach Wright 720-604-2220
Back