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Dollar General

807 W Main St, Fredericktown, MO 63645

Listing Price: $1,226,700

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
5.40
Gross SF
9,012
Guarantor
Corporate Guarantee
Rentable SF
9,012
Price/Gross SF
$136.12
Lease Type
Absolute Net
Rent Per Square Feet
$10.21

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Dollar General located at 807 West Main Street, Fredericktown, MO 63645. The property consists of a 9,012 square foot building space situated on roughly 1.18 acres of land. The subject property was built-to-suit for Dollar General in 2011. The initial fifteen-year lease term has five-(5) years remaining, with five-(5), five-(5) year renewal options. The lease is absolute-net (NNN), providing zero landlord obligations and is equipped with a 10% rent increase in each of the option periods. Dollar General has an annual rent of $92,000 and has exceptional visibility to over 6,700 vehicles per day. Dollar General is situated between the residential and retail areas, providing a convenient shopping experience for residents.

Dollar General strives to make shopping hassle-free and affordable with more than 16,000 convenient, easy-to-shop stores in 46 states. Dollar General delivers everyday low prices on items including food, snacks, health, and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products, and much more from Americas most-trusted brands and products, along with Dollar Generals high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities, Dollar General has been committed to their mission of Serving Others since it was founded in 1939.

Investment Highlights

  • Short Term Absolute Net (NNN) Lease | Zero Landlord Responsibilities
  • Located on Main Thoroughfare, East Main Street
  • Investment Grade Credit Tenant (S&P: BBB) | Corporate Guarantee
  • Essential Business | Remains Open Through COVID-19 Pandemic
  • Same-store Sales Rose 18.8% | Net Sales Increased by 24.4% | Q2 2020 Results

Exclusively Listed By

Broker of Record

  • Bradley Barham

    First Vice President Investments

    License(s): MO: 2013016939

    Missouri

Listing Price: $1,226,700

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
5.40
Gross SF
9,012
Guarantor
Corporate Guarantee
Rentable SF
9,012
Price/Gross SF
$136.12
Lease Type
Absolute Net
Rent Per Square Feet
$10.21

Investment Highlights

  • Short Term Absolute Net (NNN) Lease | Zero Landlord Responsibilities
  • Located on Main Thoroughfare, East Main Street
  • Investment Grade Credit Tenant (S&P: BBB) | Corporate Guarantee
  • Essential Business | Remains Open Through COVID-19 Pandemic
  • Same-store Sales Rose 18.8% | Net Sales Increased by 24.4% | Q2 2020 Results

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Dollar General located at 807 West Main Street, Fredericktown, MO 63645. The property consists of a 9,012 square foot building space situated on roughly 1.18 acres of land. The subject property was built-to-suit for Dollar General in 2011. The initial fifteen-year lease term has five-(5) years remaining, with five-(5), five-(5) year renewal options. The lease is absolute-net (NNN), providing zero landlord obligations and is equipped with a 10% rent increase in each of the option periods. Dollar General has an annual rent of $92,000 and has exceptional visibility to over 6,700 vehicles per day. Dollar General is situated between the residential and retail areas, providing a convenient shopping experience for residents.

Dollar General strives to make shopping hassle-free and affordable with more than 16,000 convenient, easy-to-shop stores in 46 states. Dollar General delivers everyday low prices on items including food, snacks, health, and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products, and much more from Americas most-trusted brands and products, along with Dollar Generals high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities, Dollar General has been committed to their mission of Serving Others since it was founded in 1939.

Exclusively Listed By

Broker of Record

  • Bradley Barham

    First Vice President Investments

    License(s): MO: 2013016939

    Missouri

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