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Dollar General Market 2094 Village Lane

12,480 SF Retail Building Hermann, MO 65041 $2,252,000 ($180/SF) 7% Cap Rate

Investment Highlights

  • Brand-new 15-year lease featuring 5% rental increases every 5 years throughout the base term and options
  • The lease is backed by a corporate guaranty from Dollar General, #108 on the Fortune 500 list of companies
  • High growth market – 42% population increase within a 5-mile radius of the subject property since 2020
  • 2024 build-to-suit construction DG Market prototype
  • Absolute NNN lease structure features zero Landlord expense obligations, providing an investor with a truly “hands-off” investment
  • Dollar General generated $39.036 billion in 2023 fiscal year sales and a net income of $2.416 billion

Executive Summary

New lease structure 15-year absolute NNN Dollar General Market featuring 5% rental increases every 5 years throughout the base term and options. The tenant is the country’s largest small-box discount retailer with over ~20,000 stores nationwide and boasts an investment grade credit rating (S&P: BBB).

Property Facts

Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,480 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$2,252,000
Price Per SF
$180
Cap Rate
7%
NOI
$157,645
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.83 AC
Frontage
1,032 FT on Missouri 100

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-1.0-02-000-000-004.030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$364,980
  • Listing ID: 33586225

  • Date on Market: 10/21/2024

  • Last Updated:

  • Address: 2094 Village Lane, Hermann, MO 65041

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