Dollar General Market
Retail | 7.00% Cap Rate | 12,668 SqFt
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a newer construction freestanding Dollar General Market investment property located at 2280 Highway K in Bonne Terre, Missouri (the “Property”). The newer construction Dollar General Market has 13-years remaining on its Absolute NNN Lease with five (5), 5-year renewal options. The lease features attractive 5% rent increases every five years throughout the primary lease term and at the start of each renewal option.
The recently constructed Dollar General Market is strategically located at the intersection of Hillcrest Drive and Missouri Highway K, a primary commercial and commuter corridor in Bonne Terre. The Property is positioned just seconds from a cluster of national and local retailers and restaurants that generate consistent consumer traffic. Located approximately 11 miles northwest of Farmington’s downtown area, the site is well positioned to cater to an underserved trade area with limited retail competition. The Property is also conveniently located near residential neighborhoods and area schools, supporting a built-in and reliable customer base. In addition, the site is approximately 0.2 miles from US Highway 67, providing strong regional connectivity. Bonne Terre is in eastern Missouri, approximately 60 miles south of St. Louis, further enhancing the Property’s accessibility within the broader market.
Investment highlights
NEW CONSTRUCTION: The Property was constructed for Dollar General Market in 2024. Dollar General Market has 13 years remaining on its Absolute NNN Lease with five (5), 5-year renewal options.
ATTRACTIVE RENT INCREASES: The lease includes attractive five percent (5%) rent increases every five years throughout the primary lease term, and at the start of each renewal option, providing a steady increase in income and an attractive hedge against inflation.
ZERO MANAGEMENT RESPONSIBILITIES: The Dollar General Market lease is Absolute NNN and requires zero management responsibilities, making it an attractive investment for the passive real estate investor.
INVESTMENT GRADE CREDIT: Dollar General has the highest credit rating among its peers and holds investment grade credit – rated BBB (S&P) and Baa2 (Moody’s). Dollar General operates over 20,500 locations throughout the country. Dollar General’s net sales increased 5.2% to $42.7 Billion in fiscal year 2025.
AREA DRIVERS: One of Bonne Terre’s most distinctive attractions is the Bonne Terre Mine, a former lead mine that has been transformed into a unique underground lake and diving site. The mine is recognized as one of the largest freshwater dive resorts in the world and draws visitors from across the country for guided tours, scuba diving, and historical exploration. This attraction, along with nearby parks and outdoor recreation areas, contributes to a growing tourism sector that complements the city’s traditional economic base.
RECESSION RESISTANT TENANT: Dollar General thrives in middle-America markets where incomes may be modest, proving the tenant to be a resilient and recession-resistant retailer. Dollar General has reported positive year-over-year growth in net sales every year since the company went public in 2009.
TRAFFIC COUNTS: More than 26,600 vehicles pass near the Property along US Highway 67.
DEMOGRAPHICS: Over 21,600 people live within 5-miles of the Property with an average household income of $79,177. More than 43,500 people live within 10-miles of the Property with an average household income of $82,088.
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