Dollar General Plus

728 State Highway H, Miner, MO 63801

$1,834,000

Cap Rate 6.90%

Views: 56 DOM: 116 Updated: 10.31.24 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 14.0	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

Phil Sambazis

Marcus & Millichap

Contact

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 increases every 5 years throughout the base 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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Key Features

New construction
Build to suit
Strategically located
Highway location
Hospital close
Brand new lease
Absolute NNN
Long 10+ yr lease
Traded and rated company
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Miner, Missouri Zip Code 63801 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corporation
# Units:19,986
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

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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