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Views: 78 DOM: 163 Updated: 11.02.24 Posted: 06.11.24 Status: Active

Summary

Price $2,150,000
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,668
Lease Start 05-01-2024
#Units 19,986
Price/SF $169.72
Expiration 05-01-2039
Tenant Type Dollar/Discount
NOI $142,975
R. Term 14.5
Ownership Fee Simple
Rent/SF $11.29
Increases 5.0%/5/yrs
Pop 5Mi 15,519
Lot/AC 4.30
Options 3/5yrs/5%
AHHI 5Mi $114,462

Lease Highlights

  • Brand new 2024 construction
  • Brand new 15-year lease with 3 (5-year) options to extend
  • The lease features 5% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located at the signalized, hard corner intersection of Highway J and Schemmer Road, with access to a combined daily traffic count of 2,744 vehicles. The property is in proximity to Wright City West Elementary School, Wright City High School, Indian Camp Creek, and other local amenities. The immediate area is surrounded by well-known national tenants,...

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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...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 581 6,489 17,649
2024 Total Population : 518 5,878 16,181
2024 Employed Civilian Pop : 270 2,930 8,094
2024 Total Businesses : 3 26 221
2024 Average Household Income : $ 97,663 $ 112,601 $ 112,686
2024 Total Consumer Spending : $ 14 M $ 213 M $ 579 M
2024 Median Age : 41 41 39
2024 Total Households : 174 2,170 5,912
2024 Pop Age 25+: Bachelor's Degree : 95 753 2,123
2024 Average Home Value : $ 326,274 $ 296,574 $ 314,750
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
State Highway J Imperial Dr 2022 1,495 0.29 mi
State Hwy Ww Rock Springs Rd 2012 728 0.52 mi
State Hwy Ww Whispering Oak Woods 2019 472 0.69 mi
State Hwy J Great Oaks 2018 1,269 1.06 mi
State Hwy Ww N Stringtown Rd 2019 503 1.79 mi
State Highway WW Whispering Oak Woods 2022 569 1.80 mi
W State Hwy U Rocky Ridge Ln 2012 1,110 2.26 mi
State Highway WW English Rd 2022 569 2.30 mi
State Hwy J W Hwy U 2012 1,502 2.40 mi
State Highway J Lake Forest Dr 2018 886 2.81 mi

Listing Broker

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