Investment Overview

Marcus & Millichap is pleased to present for your review the Dollar General located at 101 South Main Street in Joplin, Missouri. The subject property was built in 1958 with 9,600 square-feet of rentable space on 0.61-Acres of land. Dollar General has been home to the subject property for over 20 years and has recently executed their final 3-year option to renew. Dollar General is under NN lease structure that provides the landlord with minimal responsibilities of roof, structure, and HVAC. Current ownership has recently replaced the roof in 2021 which comes with a 15-year warranty - as well as recent $12,000 in HVAC replacement, leaving new ownership with little Cap Ex items to note for the foreseeable future. Dollar General is located in downtown Joplin and is less than 3-miles from Missouri Southern State University that has an annual enrollment of 4,155 students. Joplin, Missouri is in the county seat of Carthage with a population count exceeding 50,000 and is the main hub of the three-county Joplin-Miami, Missouri-Oklahoma Metro area, which is home to 210,077 people making it the 5th largest metropolitan area in Missouri. Joplin is located one and a half hours from both Tulsa, Oklahoma and Fayetteville, Arkansas as it lies on the southwestern corner of Missouri.