Dollar General | Near $500M 720 AC. Mixed Use Development

Dollar General | Near $500M 720 AC. Mixed Use Development

100 Flooring Court
Herrin, IL

Price: $1,846,000
Cap: 6.70%
NOI: $123,660
Building Size: 9,100 SF
Lot Size: 1.32 AC

Investment Highlights

LESS THAN 4 MILES FROM A $500M 720-ACRE MIXED-USE DEVELOPMENT
• The STAR Bond Development is less than 5 miles from this Dollar General and sits at the intersection of I-57 and Route 13 in Marion, IL, encompassing approximately 720 acres.
• The first phase of the development of the former Illinois Centre Mall to include a driving range, 18-hole semi-professional putt-putt course, a large indoor/outdoor pickleball complex and new hotel with an expected completion of Summer 2026.
• The development will be anchored by Oasis Outdoors (350,000 SF), a 220-acre sports complex, and over 450,000 SF of retail featuring Chick-fil-A, Chipotle, Olive Garden, and more.
• The STAR Bond District blends retail, entertainment, sports, and hospitality, positioning Marion as a premier regional destination and economic driver for Southern Illinois.

15 YEAR CORPORATE NNN LEASE WITH RENT INCREASES IN INITIAL TERM
• The subject property has a new corporate guaranteed NNN lease with 5% rent increases every 5 years.
• Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.
• This Dollar General is under construction and rent commences in July 2025.

NEAR INTERSTATE 57 (41,300 VPD)
• The subject property is less than 10 minutes from Interstate 57 (41,300 VPD).
• Interstate 57 is a major interstate connecting Southern Illinois to Chicago.
• New retail development at this exit location includes Chipotle, Chick-fil-A, Raising Cane’s, Smoothie King, Dunkin’ Donuts, Take 5 Oil Change and 7 Brew.

MARION, IL | ECONOMIC HUB OF SOUTHERN ILLINOIS
• Marion, the largest city in Williamson County, serves as a key economic and retail hub in Southern Illinois, located at the crossroads of I-57 and Illinois Route 13.
• Positioned just 20 minutes east of Carbondale and 1 hour southeast of St. Louis, Marion offers strong regional connectivity and access to major transportation routes.
• The city is home to several major employers including Aisin Manufacturing Illinois, Pepsi MidAmerica, Heartland Regional Medical Center, and the VA Medical Center.
• Marion also serves as a regional shopping and services center, especially with the new Mixed-Use Development, robust healthcare and logistics sectors.
• With its proximity to Southern Illinois University (11,790 students) in nearby Carbondale and John A. Logan College (3,328 students) in Carterville, the region benefits from a skilled labor force and access to higher education.

INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 21,000 locations and plans to open 750 stores in 2025.
• Dollar General has been in business for 80 years and has a current net worth of over $18.16B.

Don McMinn
Andrew Koriwchak
OFFERING MEMORANDUM

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