Listed by The Boulder Group - Denver, The Boulder Group
$1,872,000
Dollar General
Details
APN 111011475053
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 9,026
Net Rentable (SqFt) 9,026
Cap Rate 6.5%
NOI $121,675
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options Five 5-Year
Price per SqFt $207
Broker Co-Op True
Year Built 2026
Acreage 1.190
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
Dollar General | St. Louis MSA | Extremely Affluent Area | Brand-New Build | 15-Yrs | Rental Incrs
Investment highlights
- Located in the St. Louis MSA approximately thirty miles from Downtown St. Louis
- Long-term lease with 15 years remaining
- Brand-new construction store scheduled to open in July 2026
- 5% rental increases every five years
- Extremely affluent area with average annual household income of approximately $130,000 within three miles
- Absolute triple net lease with no landlord responsibilities
- Located along Highway 161, the primary east-west thoroughfare in trade area (5,100 VPD) and approximately 2.5 miles north of Interstate 64
- Over 10,000 people living within five miles of the property
- 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
- Located 15 miles east of Scott Air Force Base (13,000+ employees) and MidAmerica St. Louis Airport (commercial airport with 324K+ annual passengers)
- Boeing just built a $200M and 300K SF drone manufacturing plant at MidAmerica St. Louis Airport
Listing Contacts
Listed by The Boulder Group - Denver, The Boulder Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$121,675.00
$10,139.58/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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