The Boulder Group has completed the sale of a single tenant brand-new construction Dollar General property located at 100 Flooring Court in Herrin, IL for $1,815,000. Zach Wright and Brandon Wright, of The Boulder Group, represented the purchaser in the transaction. The purchaser was an all-cash investor based in South Africa and the seller was a Midwest-based developer.

The brand-new construction Dollar General is approximately 100 miles southeast of St. Louis and in the Carbondale-Marion MSA, which is home to approximately 130,000 residents. The Dollar General is positioned along South Park Avenue (15,000 VPD) and across the street from Veterans Airport of Southern Illinois. The surrounding area is affluent with average annual household income of approximately $91,000 within three miles.

The 15-year Dollar General lease features rental increases every five years and no landlord responsibilities. Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB.

“Well-located Dollar Generals in strong secondary markets remain highly sought after amongst private investors. Asking cap rates for these properties are near a 10-year high, providing purchasers with an enticing opportunity to acquire long-term investments with an attractive basis,” stated Zach Wright, Vice President.

“Dollar General has one of the most landlord-friendly leases in the net lease industry. Their new leases are for 15 years and have rental increases every five years with no landlord responsibilities,” 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 2013-2024, 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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