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Benjamin Schultz

Dollar Store Propeties

Office Phone: 248.254.3409

Cell Phone: 734.790.0808

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Published on: Tuesday, September 26, 2017 6:32:22 PM
Updated on: Tuesday, September 26, 2017 7:53:37 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Missouri-91402

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 100%

Year Build: 2005

 

Building Size: 9,014 SqFt

Lot Size: 1 Acre

No of Stories: 0

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: This Dollar General is highly visible as it is located on US Highway 62, an arterial thor-oughfare within New Madrid. The five mile population from the site exceeds 4,500, while the one mile median household income exceeds $39K per year, making this location ideal for a Dollar General.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 8.38

Commission Split (%): 0

Complete Details


Year Build: 2005

Building Size: 9,014 SqFt.

No of Stories: 0

Total Lot Area: 1.00 Acre

No of Parking: 0

No of Total Units: 0

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: A

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 100%

Full Description


LoudLister Net Lease is pleased to present this 9,014 SF Dollar General store located in New Madrid, MO. The property is encumbered with a NN Lease, leaving limited landlord responsibilities. The store is classified as a relocation store, proving the suc-cess of the market. The lease term is through 11/30/2024 and contains a rent in-crease on 12/1/2019. There are Three (5) Yr. Options to renew, each with a rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. This Dollar General is highly visible as it is located on US Highway 62, an arterial thor-oughfare within New Madrid. The five mile population from the site exceeds 4,500, while the one mile median household income exceeds $39K per year, making this location ideal for a Dollar General. The Subject offering represents an ideal oppor-tunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 8.38% cap rate based on an NOI of $65,000.04.

Additional Properties


Property Tenants
  • Dolgencorp, LLC
Property Highlights
  • NN Lease | Recently Extended
  • Limited Landlord Responsibilities
  • Lease Through 12/24 | 3 (5 Year) Options
  • Five Mile Population Exceeds 4,500
  • Relocation Store | Rent Increase 12/19
  • One Mile Household Income $39,012
  • Only Investment Grade Dollar Store

Attached Documents


 Download | Dollar General - MO - New Madrid.pdf ( 1,937.68KB)

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