Discount
Dollar General Market | New 15-Yr. NNN with 5% Increases
State Hwy. EE & MO-77, Chaffee, MO 63740
Listing Price: $2,055,000
Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
15.0
Gross SF
12,668
Guarantor
Corporate Guarantee
Rentable SF
12,668
Price/Gross SF
$162.22
Lease Type
Absolute Net
Rent Per Square Feet
$11.36
Investment Overview
Marcus & Millichap is pleased to present the Dollar General Market in Chaffee, Missouri.
Dollar General Market | New 15-Yr. NNN with 5% Increases
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Rare 5% Increases Every 5 Years Throughout Base Term and Option Periods
- Relocation of High-Performing Store Nearby, Proven Concept in Trade Area
- Upgraded Market Store, Larger Format with Expanded Produce/Grocery Items
- Investment Grade (Rated 'BBB' by S&P), Largest Retailer in U.S. with 19,700+ Stores
- Brand New Construction on an Oversized Parcel
- Serving Over 37,000 Residents in Scott County, 16 Miles South of Cape Girardeau
- Strategic Location, Closest Dollar General Market Store is Over 15 Miles Away
Discount
Dollar General Market | New 15-Yr. NNN with 5% Increases
Listing Price: $2,055,000
Cap Rate
7.00%
Tenant Name
Dollar General
Years Remaining On Lease
15.0
Gross SF
12,668
Guarantor
Corporate Guarantee
Rentable SF
12,668
Price/Gross SF
$162.22
Lease Type
Absolute Net
Rent Per Square Feet
$11.36
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Rare 5% Increases Every 5 Years Throughout Base Term and Option Periods
- Relocation of High-Performing Store Nearby, Proven Concept in Trade Area
- Upgraded Market Store, Larger Format with Expanded Produce/Grocery Items
- Investment Grade (Rated 'BBB' by S&P), Largest Retailer in U.S. with 19,700+ Stores
- Brand New Construction on an Oversized Parcel
- Serving Over 37,000 Residents in Scott County, 16 Miles South of Cape Girardeau
- Strategic Location, Closest Dollar General Market Store is Over 15 Miles Away
Investment Overview
Marcus & Millichap is pleased to present the Dollar General Market in Chaffee, Missouri.
