25568 Highway 5, Gravois Mills, MO 65037
9,100 SF | Retail Building | Gravois Mills, MO 65037 | $1,199,000 ($132/SF) | 6.56% Cap Rate
For Sale
Active
Asking Price $1,199,000
- Property Type
-
Retail
- Square Feet
- 9,100 SF
- Price / Square Foot
- $132
Listing Contacts
Kevin Calame
Matthew Lewallen
- Property Info
Property Overview
NorthPeak Commercial Advisors is pleased to bring this single tenant Dollar General located in the Lake of the Ozarks to market. Located in Gravois Mills just across Highway 5 from the Lake of the Ozarks in Missouri, this 9,100 square foot Dollar General is well positioned with frontage right on the primary thoroughfare in the trade area.
This location was strategically selected by Dollar General due to its proximity to Lake of the Ozarks, which is one of the premier lake resort destinations in the country. With 1,150 miles of shoreline and covering roughly 54,000 acres, the lake attracts an estimated 2.5 million visitors annually. Located in central Missouri, the lake is nearly equidistant from the state’s largest population centers of St. Louis and Kansas City, making it a popular destination for both in-state and out-of-sate visitors. Dollar General has demonstrated their commitment to this location by recently completing a major renovation of the site.
Completed in 2017, the property is leased to Dollar General on an absolute triple net basis with no landlord responsibilities. The lease term expires on July 31, 2032 and has three, five-year renewal options with 10% rental escalations built into each option period. Dollar General is a publicly traded company (NYSE: DG) with $30.2 billion market capitalization and a Standard & Poor’s investment-grade credit rating of BBB. This offering affords a potential buyer a true turnkey investment and is ideal for investors seeking limited responsibilities, stable returns and solid capital growth.
This location was strategically selected by Dollar General due to its proximity to Lake of the Ozarks, which is one of the premier lake resort destinations in the country. With 1,150 miles of shoreline and covering roughly 54,000 acres, the lake attracts an estimated 2.5 million visitors annually. Located in central Missouri, the lake is nearly equidistant from the state’s largest population centers of St. Louis and Kansas City, making it a popular destination for both in-state and out-of-sate visitors. Dollar General has demonstrated their commitment to this location by recently completing a major renovation of the site.
Completed in 2017, the property is leased to Dollar General on an absolute triple net basis with no landlord responsibilities. The lease term expires on July 31, 2032 and has three, five-year renewal options with 10% rental escalations built into each option period. Dollar General is a publicly traded company (NYSE: DG) with $30.2 billion market capitalization and a Standard & Poor’s investment-grade credit rating of BBB. This offering affords a potential buyer a true turnkey investment and is ideal for investors seeking limited responsibilities, stable returns and solid capital growth.
Property Details
- Class
- B
- Year Built
- 2017
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 192,535 SF
Highlights
- Low rent store at $8.64!
- Newer construction completed in 2017
- Investment grate rated Tenant
- Absolute triple net lease
- Frontage on Missouri Route 5
- Fully remodeled Fall of 2023
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