Dollar General

51 State Highway N, Patterson, MO 63956

$1,514,275

Cap Rate 7.00%

Views: 103 DOM: 283 Updated: 08.06.24 Posted: 01.27.24 Status: Sold 11.05.24

Summary

Price $1,514,275	Built/Renov 2023	Tenant Dollar General
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 10,640	Lease Start 07-06-2023	#Units 19,986
Price/SF $142.32	Expiration 07-31-2038	Tenant Type Dollar/Discount
NOI $106,000	R. Term 13.7	Ownership Fee Simple
Rent/SF $9.96	Increases 10.0%/14/yrs	Pop 5Mi 2,232
Lot/AC 1.21	Options 3/5yrs/10%	AHHI 5Mi $55,565

Lease Highlights

Brand-new 2023 construction
Dollar General has 14+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 10% rental increases at the start of each option period
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

This newly constructed Dollar General is strategically located at the hard corner of Missouri Route 34 and Missouri Route 143 which see a combined 1,738 vehicles passing by daily. It is within immediate proximity to two large state parks (Sam A. Baker State Park and Lake Wappapello State Park) that attract over 1.2 million visitors annually. 2,232 residents, earning an average household income...

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Key Features

New construction
Hard corner intersection
Strategically located
Absolute NNN
Long 10+ yr lease
Limited competition
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Patterson, Missouri Zip Code 63956 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...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	47	445	802
2023 Total Population :	52	488	876
2023 Employed Civilian Pop :	30	228	382
2023 Total Businesses :	4	11	17
2023 Average Household Income :	$ 63,784	$ 61,484	$ 60,860
2023 Total Consumer Spending :	$ 1 M	$ 12 M	$ 20 M
2023 Median Age :	52	49	49
2023 Total Households :	24	228	386
2023 Pop Age 25+: Bachelor's Degree :	2	14	28
2023 Average Home Value :	$ 136,765	$ 179,430	$ 189,179

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
State Highway N	Booker Holler	2022	163	0.37 mi
State Hwy Nn	Co Rd 315	2005	757	2.21 mi
State Highway 34	Wayne County 312B	2022	1,760	2.34 mi
Wayne County 312	Wayne County 312B	2019	3,084	2.34 mi
State Hwy 34	Hwy Ff	2014	3,062	2.43 mi
State Hwy 34	Co Rd 335	2018	1,359	2.72 mi
State Highway 34	Co Rd 335	2022	1,571	2.75 mi
State Highway 34	Wayne County 312	2022	1,920	2.77 mi
State Hwy 34	Co Rd 312	2018	1,779	2.77 mi
State Hwy 34	Co Rd 312	2019	3,542	2.77 mi

Listing Broker

Zach Wright

The Boulder Group (Denver)

Contact

17 Listings
1982 Views
8 Sold

Brandon Wright

The Boulder Group (Denver)

Contact

16 Listings
1826 Views
8 Sold

Zach Wright

Zach Wright is a Vice President and Head of the Denver office of The Boulder Group. Zach specializes on the sale of net leased investment properties located nationally, with a focus on the Rocky Mountain and Midwest states. The key to Zach’s success is his work ethic and drive to constantly improve ways in which he can create value for his clients. Through a vast network built upon strong relationships and a honest reputation, Zach is able to successfully assist clients with the acquisition and

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Brandon Wright

Brandon Wright is a Listing Broker/Agent, Landlord Broker/Agent with The Boulder Group - Denver. Brandon has transacted 464K square feet with a value around 79M. Currently, Brandon has 8 listings available in Casey, Brownstown, Broomfield, Brighton, and Aurora.

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