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Views: 5 Updated: 09.19.24 Posted: 09.19.24 Status: Active

Summary

Price $1,707,000
Built/Renov 2023
Tenant Dollar General Market
Cap Rate 6.90%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,668
Lease Start 06-20-2023
#Units 19,986
Price/SF $134.75
Expiration 06-30-2038
Tenant Type Dollar/Discount
NOI $117,789
R. Term 13.9
Ownership Fee Simple
Rent/SF $9.30
Increases 10.0%/14/yrs
Pop 5Mi 3,893
Lot/AC 1.93
Options 3/5yrs/10%
AHHI 5Mi $68,507

Lease Highlights

  • New 2023 construction
  • Dollar General Market has 13+ years remaining on primary lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located on US-54, a major U.S. highway extending from Illinois to El Paso, TX. The property benefits from being surrounded by prominent national retailers including O'Reilly Auto Parts, Ace Hardware, County Market, Dairy Queen, and more. It is positioned approximately 1.5 hours from St. Louis Lambert International Airport and is in immediate proximity to...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General Market
  • 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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Utterback St E Park St 2019 2,279 0.25 mi
US Hwy 54 N Vine St 2018 3,482 0.77 mi
US Hwy 54 N Vine St 2019 6,403 0.77 mi
Hwy V Audrain Rd 581 2019 514 1.27 mi
State Highway V Audrain Rd 581 2018 266 1.27 mi
State Hwy F Hummingbird Ln 2014 1,391 1.38 mi
Highway W 2005 900 1.95 mi
US Hwy 54 Longspur Rd 2019 4,417 2.02 mi
State Highway P Audrain Rd549 2018 284 2.42 mi
State Highway V Pike 450 2018 72 2.49 mi

Listing Broker

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