Dollar General

2649 East 79th Street - Chicago IL 60649

LTV (Loan to Value)	65.00%	Current NOI	$115,000.00
Interest Rate	4.250%	Capital Rate	10.000%
Fixed Term	10 Years	Land Area	+/- 0.483 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$747,500.00	Property Type	Retail
Payment	$4,049.49	Property Lease	Discount
Bulding Size	0 SF	Remaining Terms	Approx. 4.75 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors, the opportunity to purchase a 100% fee- simple interest in the corporately guaranteed Dollar General property located at 2649 East 79th Street in Chicago, Illinois (the “Property”). The Property is located along the border of Chicago’s South Shore and South Chicago neighborhoods, roughly 10 miles south of city center.

Highlights

Investment Grade Tenant - Dollar General (NYSE: DG) currently holds credit rating of BBB-/Stable from S&P. FY2013 revenue of $17.5…

Property Description

The Subject Property is located on the border of Chicago’s South Shore and South Chicago neighborhoods, roughly 10 miles south of downtown. These neighborhoods are currently undergoing revitalization efforts with many mixed-use plans being considered, the largest of which is the Chicago Lakeside Development. Recently approved, Lakeside is an estimated $4 billion redevelopment project of about 600 acres on the former U.S. Steel SouthWorks site. The plan calls for 13,575 new homes, 17.5 million square feet of retail and commercial space, a new high school, a 1,500-slip marina, 125 acres of public land, lakefront access, new bike paths and commuter rail and bus service to serve an estimated population of 150,000 people.Chicago is the largest city in the state of Illinois and the third most populous city in the U.S. with approximately 2.7 million residents. Its metropolitan area, sometimes called Chicagoland, is also the third-largest in the U.S., trailing only New York City and Los Angeles, with an estimated 9.8 million people. Listed as an “alpha+ global city” by the Globalization and World Cities Research Network, Chicago is an international hub for finance, commerce, industry, telecommunications and transportation.