456 Commercial St, Clarkton, MO 63837
12,687 SF | Retail Building | Clarkton, MO 63837 | $1,643,000 ($130/SF) | 6.65% Cap Rate
For Sale
Active
2 pictures
Asking Price $1,643,000
- Property Type
-
Retail
- Square Feet
- 12,687 SF
- Price / Square Foot
- $130
Listing Contacts
Calvin Short
Zack Williams
Matt Coates
Gary Chou
Aron Cline
- Property Info
Property Overview
• Corporate lease with Dollar General Corporation | Backed by Baa2/BBB, investment-grade credit
• Brand-new construction asset featuring Dollar General’s latest, larger DG Market prototype
• DG Market is an expanded format of the standard Dollar General store with a focus on providing customers with perishables and dry
groceries, targeting “food deserts” and an added focus on serving underserved communities
• Long-term investment | New, 15-year lease
• Absolute NNN Lease | Tenant is responsible for all maintenance, repairs, insurance, and taxes
• Strong hedge against inflation | 5% rent increases every 5 years throughout initial term and options
• Dollar General to benefit from Dollar Tree’s recent troubles | Dollar Tree recently announced the closing of 1,000 locations
• Hard corner location
• Ideal market share | Little-to-no grocer competition nearby
• Excellent access and visibility from State Highway 25 & W Commercial Street
• Large, 3-acre parcel | Potential for future development
• Strong, expanding company | In 2023, Dollar General ranked #108 on Fortune 500 list and was listed on Fortune’s World’s Most Admired
Companies list for 2023 | Annual net sales exceeds $38.7 Billion
• Experienced and aggressively growing tenant | DG Market Operates over 20,000 stores in the U.S. and Mexico with plans for further expansion | In 2024, plans to add another 800 new stores, remodel 1,500 stores, and relocate 85 stores | DG opened over 1,000, completed 2,000+ remodels, and relocated 129 stores in 2023
• DG Market’s net sales increased 17.9% in Q4 2023 and were up 10.6% for FY 2022
• Brand-new construction asset featuring Dollar General’s latest, larger DG Market prototype
• DG Market is an expanded format of the standard Dollar General store with a focus on providing customers with perishables and dry
groceries, targeting “food deserts” and an added focus on serving underserved communities
• Long-term investment | New, 15-year lease
• Absolute NNN Lease | Tenant is responsible for all maintenance, repairs, insurance, and taxes
• Strong hedge against inflation | 5% rent increases every 5 years throughout initial term and options
• Dollar General to benefit from Dollar Tree’s recent troubles | Dollar Tree recently announced the closing of 1,000 locations
• Hard corner location
• Ideal market share | Little-to-no grocer competition nearby
• Excellent access and visibility from State Highway 25 & W Commercial Street
• Large, 3-acre parcel | Potential for future development
• Strong, expanding company | In 2023, Dollar General ranked #108 on Fortune 500 list and was listed on Fortune’s World’s Most Admired
Companies list for 2023 | Annual net sales exceeds $38.7 Billion
• Experienced and aggressively growing tenant | DG Market Operates over 20,000 stores in the U.S. and Mexico with plans for further expansion | In 2024, plans to add another 800 new stores, remodel 1,500 stores, and relocate 85 stores | DG opened over 1,000, completed 2,000+ remodels, and relocated 129 stores in 2023
• DG Market’s net sales increased 17.9% in Q4 2023 and were up 10.6% for FY 2022
Property Details
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Freestanding, Grocery/Convenience Store, Storefront
- Lot Size (sq. ft)
- 122,404 SF
Highlights
- Corporate lease with Dollar General Corporation | Backed by Baa2/BBB, investment-grade credit
- Brand-new construction asset featuring Dollar General’s latest, larger DG Market prototype
- Long-term investment | New, 15-year lease
- Absolute NNN Lease | Tenant is responsible for all maintenance, repairs, insurance, and taxes
- Strong hedge against inflation | 5% rent increases every 5 years throughout initial term and options
- Dollar General to benefit from Dollar Tree’s recent troubles | Dollar Tree recently announced the closing of 1,000 locations
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