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New Construction Dollar General | New 15 Year Abs. Net Lease

5 State Hwy T, Foristell, MO 63348

Listing Price: $1,673,875

Cap Rate
5.60%
Tenant Name
Dollar General
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
10,542
Lease Type
Absolute Net
Rent Per Square Feet
$8.89

Investment Overview

Marcus & Millichap is pleased to bring to market Dollar General, located in Foristell, OH.

Investment Highlights

  • New Construction Dollar General Location With a New 15-Year Absolute Net Lease, Expected to Open February 2023
  • No Landlord Responsibilities | Corporately Guaranteed Lease by Dollar General (NYSE: DG)
  • Five, Five-Year Renewal Options with 10 Percent Rental Increases in Each Option
  • Located Just off of Interstate 70 Seeing 30,700+ VPD With Visibility From Interstate | 40 Minutes from Downtown St. Louis
  • Strong Demographics: Population of 33,382+ Within Five-Miles | 11,400+ Households within Five-Miles

Exclusively Listed By

  • Colby Haugness

    First Vice President Investments

    (813) 387-4811

    Email Colby

    License(s): WA: 24012, OH: BRKP.2017005012, KY: 242197, MO: 2018032367, KS: 00241410, FL: BK3530505

    Tampa

  • Darpan Patel

    First Vice President Investments

    (813) 387-4812

    Email Darpan

    License(s): OH: SAL 2012000748

    Tampa

  • Dan Yozwiak

    First Vice President Investments

    (614) 360-9036

    Email Dan

    License(s): OH: SAL.2008003600

    Columbus

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Discount

New Construction Dollar General | New 15 Year Abs. Net Lease

Listing Price: $1,673,875

Cap Rate
5.60%
Tenant Name
Dollar General
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
10,542
Lease Type
Absolute Net
Rent Per Square Feet
$8.89

Investment Highlights

  • New Construction Dollar General Location With a New 15-Year Absolute Net Lease, Expected to Open February 2023
  • No Landlord Responsibilities | Corporately Guaranteed Lease by Dollar General (NYSE: DG)
  • Five, Five-Year Renewal Options with 10 Percent Rental Increases in Each Option
  • Located Just off of Interstate 70 Seeing 30,700+ VPD With Visibility From Interstate | 40 Minutes from Downtown St. Louis
  • Strong Demographics: Population of 33,382+ Within Five-Miles | 11,400+ Households within Five-Miles

Investment Overview

Marcus & Millichap is pleased to bring to market Dollar General, located in Foristell, OH.

Exclusively Listed By

  • Colby Haugness

    First Vice President Investments

    (813) 387-4811

    Email Colby

    License(s): WA: 24012, OH: BRKP.2017005012, KY: 242197, MO: 2018032367, KS: 00241410, FL: BK3530505

    Tampa

  • Darpan Patel

    First Vice President Investments

    (813) 387-4812

    Email Darpan

    License(s): OH: SAL 2012000748

    Tampa

  • Dan Yozwiak

    First Vice President Investments

    (614) 360-9036

    Email Dan

    License(s): OH: SAL.2008003600

    Columbus

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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