The Boulder Group has completed the sale of a single tenant brand-new construction Dollar General property located at 2501 Locust Street in Sterling, IL for $1,734,000. The property sold for the full asking price shortly following rent commencement and the store’s opening. The Boulder Group’s Zach Wright and Brandon Wright represented the seller in the transaction, a Midwest-based real estate development company. The purchaser was a local real estate investor in a 1031 exchange.

The brand-new construction Dollar General property is strategically positioned along Locust Street, the main north-south thoroughfare in the area. Sterling is located approximately two hours west of Downtown Chicago and one hour east of the Quad Cities MSA. There are over 29,000 people living within a five-mile radius of the property and the Dollar General is in the immediate proximity to the corporate headquarters of Wahl Clipper Corporation.

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.

“We received strong investor interest for this property. 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. Investors are pay aggressive prices for Dollar Generals located in desirable secondary markets,” 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

Zach@BoulderGroup.com

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