loader
Join Free
DOM: 268 Updated: 08.12.24 Posted: 09.06.23 Status: Sold 05.31.24

Summary

Price $1,379,000
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 02-02-2023
#Units 19,986
Price/SF $129.61
Expiration 01-31-2038
Tenant Type Dollar/Discount
NOI $86,207
R. Term 12.9
Ownership Fee Simple
Rent/SF $8.10
Increases 10.0%/5/yrs
Pop 5Mi 1,551
Lot/AC 1.76
Options 3/5yrs/10%
AHHI 5Mi $73,112

Lease Highlights

  • Brand-new construction featuring a state-of-the-art design using the highest-quality materials available
  • Dollar General recently signed a brand-new 15-year lease with 3 (5-year) options to extend
  • Lease features 10% rental increases at the beginning of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Dollar General is an investment grade tenant (S&P: BBB)

Location Description

Dollar General is strategically located along U.S. Highway 160, providing clear visibility and access for the site. It is conveniently located just a 39-minute drive from downtown Springfield, which is Missouri's third largest city by population. As the only variety store within a 6-mile radius, this property attracts a large consumer base with virtually no competition. The presence of other...

...

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...


...

Traffic

Collection Street Cross Street Year Traffic Vol Distance
US Hwy 160 Co Rd 162 2014 1,128 0.36 mi
County Road 162 Church St 2018 611 0.70 mi
Main St Walnut St 2018 611 0.75 mi
US Hwy 160 Clark St 2019 1,124 1.01 mi
US Hwy 160 Clark St 2018 607 1.01 mi
E US Hwy 160 Hwy 160 2019 1,538 1.14 mi
State Rd M E Dade 172 2014 395 1.29 mi
State Rd Ff Rd 162 2014 300 2.18 mi
Co Rd K S Dade 191 2004 466 2.28 mi
State Rd Mm Co Rd 172 2004 178 2.53 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity