Pinnacle Real Estate Advisors, LLC has completed the sale of a single tenant net lease Dollar General property located at 19992 Illinois Route 16 in Nokomis, IL for $355,000. The property is located approximately 80 miles northeast of St. Louis. Zach Wright of the Edwards | Ethington Team represented the seller in the transaction; a Southern Illinois based bank. The purchaser was a high net worth investor based in Chicago.

Dollar General has successfully operated at this location since 1998. The lease features extremely low rent and a rental increase in the current term. Dollar General is an investment grade rated tenant (S&P: BBB) and is publicly traded on the New York Stock Exchange (DG) with a market capitalization of $30 billion.

“Due to the property’s low price point and strong tenancy, we received numerous offers which resulted in a competitive bidding environment. Ultimately, the seller elected a quick transaction with a 10-day due diligence period.” said Zach Wright, Associate Advisor.