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Dollar General - Thayer, MO

1010 Nettleton Ave, Thayer, MO 65791

Listing Price: $515,000

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
4.1
Gross SF
9,720
Guarantor
No Guarantee
Rentable SF
9,720
Price/Gross SF
$52.98
Lease Type
Double Net
Rent Per Square Feet
$3.98

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 1010 Nettleton Ave, Thayer, Missouri. The site was built to suit for Dollar General in 1993 and consists of 9,720 rentable square feet. This investment is being offered at $515,000, which represents a 7.50 percent capitalization rate. Dollar General has 4.50 years remaining on a double net lease after a recent lease extension. Additionally there are two, five-year renewal options with favorable rental increases in each. Dollar General pays $1,200 per month as sole contribution toward taxes, insurance, maintenance and reserves. This amount is more than sufficient for the costs of care, insurance, and taxes. The remainder of the funds have been set aside as reserves for capital repairs and upkeep of the property (see page 16 for additional underwriting details).

Investment Highlights

  • 4+ years remaining after recent lease extension, after recent lease extension in 2021
  • Dollar General has been at this location since 1993 showing strong commitment to the site
  • Two, five year options remaining with increases in each
  • 9,720 square foot building on a 1.71 acre parcel
  • Closest dollar store is over 10 miles away from this location
  • Building is equipped with loading dock for Dollar General
  • Dollar General pays $1,200 monthly as sole contribution toward taxes, insurance, and maintenance

Exclusively Listed By

Discount

Dollar General - Thayer, MO

Listing Price: $515,000

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
4.1
Gross SF
9,720
Guarantor
No Guarantee
Rentable SF
9,720
Price/Gross SF
$52.98
Lease Type
Double Net
Rent Per Square Feet
$3.98

Investment Highlights

  • 4+ years remaining after recent lease extension, after recent lease extension in 2021
  • Dollar General has been at this location since 1993 showing strong commitment to the site
  • Two, five year options remaining with increases in each
  • 9,720 square foot building on a 1.71 acre parcel
  • Closest dollar store is over 10 miles away from this location
  • Building is equipped with loading dock for Dollar General
  • Dollar General pays $1,200 monthly as sole contribution toward taxes, insurance, and maintenance

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 1010 Nettleton Ave, Thayer, Missouri. The site was built to suit for Dollar General in 1993 and consists of 9,720 rentable square feet. This investment is being offered at $515,000, which represents a 7.50 percent capitalization rate. Dollar General has 4.50 years remaining on a double net lease after a recent lease extension. Additionally there are two, five-year renewal options with favorable rental increases in each. Dollar General pays $1,200 per month as sole contribution toward taxes, insurance, maintenance and reserves. This amount is more than sufficient for the costs of care, insurance, and taxes. The remainder of the funds have been set aside as reserves for capital repairs and upkeep of the property (see page 16 for additional underwriting details).

Exclusively Listed By

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