Dollar General Market,
Pleasant Hill, Missouri Investment Summary
| Price | $1,813,000 |
| Cap Rate | 6.15% |
| NOI | $111,504 |
| Lease Term | 15 years |
| Lease Type | Absolute NNN lease, with tenant responsible for all taxes, insurance, maintenance, and repair, including roof, structure, and parking lot |
| Rental Increases | 10% rental increases every five (5) years in option periods |
| Year Built | 2023 |
| Building Size | 12,480 SF |
| Lot Size | 2.00 acres (87,120 SF) |
| Status | Available |
| Lead Brokers | Michael T. Yuras, CCIM Vice Chairman 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Executive Managing Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Vincent Aicale Vice Chairman 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Vice Chairman 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 |
Investment Highlights
15-YEAR ABSOLUTE NNN LEASE WITH A CORPORATE GUARANTY
» 15-year absolute NNN lease to growing retail tenant
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» DG Market location offers a wide range of products, including groceries, household essentials, personal care items, and much more
» Fixed rent in the initial term with 10% rental increases every five (5) years in option periods
» No landlord management, with the tenant responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» Ideal investment opportunity for an out-of-area investor
MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Dollar General’s annual revenue exceeds $34.2 billion
» Dollar General ranked #106 on Fortune 500 list in 2022
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General operates more than 19,147 locations in 47 states with plans for significant future growth
HIGH-VISIBILITY LOCATION WITH ACCESS TO THE THRIVING KANSAS CITY METROPOLITAN AREA
» Well-positioned along Missouri State Route 7 with excellent visibility and access to 17,496 vehicles per day
» 15,106 residents within a five-mile radius (14% growth since 2010)
» Affluent location with an average annual household income of $112,867 within one mile (projected 19% increase by 2027)
» Gateway to Kansas City (508,394 residents), the most populous city in Missouri
» Part of the Kansas City metropolitan area (2.2 million residents), one of the most significant economic hubs in the Midwest region of the U.S. with a GDP of over $135 billion
NEW 2023 CONSTRUCTION BUILT TO THE LATEST DOLLAR GENERAL MARKET PROTOTYPE
» High-quality 2023 construction built to latest Dollar General Market prototype
» Site features ample parking (51 total spaces) on a large two-acre parcel
Property Description
» Prime Highway Frontage: The location boasts excellent visibility and sits along Missouri State Route 7, which has a daily traffic volume of 17,496 vehicles
» Thriving Neighborhood: The surrounding five-mile radius is home to 15,106 residents, a 14%growth rate since 2010
» Affluent Demographics: The area is considered upscale with an average annual household income of $112,867 within one mile. This number is projected to increase by 19% by 2027, reflecting a strong economy and positive growth potential
» Gateway to Bustling Kansas City: Located near Kansas City, the most populous city in Missouri, and a vibrant urban center
» Part of a Significant Economic Hub: The Kansas City metropolitan area, with over 2.2 million residents, is one of the most vital economic hubs in the Midwest region of the United States. The area boasts a robust GDP of over $135 billion, reflecting a thriving business environment
» Optimal Location for Business: The location’s exceptional position along a major highway, affluent demographics, and proximity to Kansas City makes it an ideal spot for businesses looking to tap into a growing market and capitalize on the area’s economic vitality
