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Views: 25 DOM: 20 Updated: 08.28.24 Posted: 08.27.24 Status: Active

Summary

Price $1,834,000
Built/Renov 2023
Tenant Dollar General Plus
Cap Rate 6.90%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 12-05-2023
#Units 19,986
Price/SF $172.37
Expiration 12-31-2038
Tenant Type Dollar/Discount
NOI $126,552
R. Term 14.3
Ownership Fee Simple
Rent/SF $11.89
Increases 5.0%/5/yrs
Pop 5Mi 19,736
Lot/AC 1.60
Options 4/5yrs/5%
AHHI 5Mi $63,700

Lease Highlights

  • New 2023 construction
  • Dollar General has 14+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on State Highway H, with access to 4,325 vehicles passing by daily. The property is highly visible along I-55, with 19,070 VPD and direct access to Chicago, St. Louis, Memphis, and New Orleans. It is near the award-winning Missouri Delta Medical Center and just minutes from several K-12 schools with over 2,100 students. Additionally, the site is...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning supplies,...


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Listing Broker

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