Listed by The Boulder Group - Denver, The Boulder Group
$2,633,000
Dollar General Market
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 10,640
Net Rentable (SqFt) 10,640
Cap Rate 5.75%
NOI $151,422
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar General Market
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 08/30/2040
Remaining Term 14.1
Rent Bumps Yes
Lease Options Three 5-Year
Price per SqFt $247
Broker Co-Op Yes
Year Built 2025
Acreage 1.970
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/15/2025
Occupancy Date 08/15/2025
Ground Lease No
State Capital | Dense & Affluent Demos | Signalized Intersection of 2 State Hwy | 15-Yrs w/ Incrs
Investment highlights
- Located in Jefferson City, the state capital of Missouri
- Densely populated surrounding area with 20,000+ people in 3 miles and 53,500+ people in 5 miles
- Affluent area with average annual household income of $102,000+
- Long-term lease with approximately 15 years remaining
- 5% rental increases every five years
- Absolute triple net lease with no landlord responsibilities
- Dollar General Market property featuring the larger and highly desired 10,640 SF prototype carrying additional grocery items such as fresh produce, refrigerated and frozen food offerings, dairy products, and more
- Positioned at the heavily trafficked signalized intersection and interchange of State Highway C and State Highway 179 (19,000 VPD)
- Surrounded by recently built and planned single family subdivisions including McBride’s 40-home “Walnut Hills” just to the west
- Immediate proximity to SSM Health St. Mary’s Hospital – Jefferson City, the primary hospital of Jefferson City (167 beds and around 800 employees) and Capital City High School (1,300+ students)
- Limited grocery competition in immediate corridor
- Dollar General is an investment grade rated company (S&P: BBB)
- Dollar General is a best-in-class operator that is an e-commerce resistant and recession-proof company
- Dollar General is planning to open 450+ stores in 2026 and continues to experience same-store sales growth
Listing Contacts
Listed by The Boulder Group - Denver, The Boulder Group
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$151,422.00
$12,618.50/mo
Valuation Metrics
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DSCR
5.75%
Cap Rate
5.75%
ROI
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