of Missouri H Cor, Leasburg, MO 65535
12,668 SF | Retail Building | Leasburg, MO 65535 | $2,164,909 ($171/SF) | 6.60% Cap Rate
For Sale
Active
9 pictures
- Date Added:
- September 16, 2024
- Days on Market:
- 13 days
Asking Price $2,164,909
- Property Type
-
Retail
- Square Feet
- 12,668 SF
- Price / Square Foot
- $171
Listing Contacts
Arthur T. Griffith
Verified Profile
- Property Info
Property Overview
Uncover an outstanding investment opportunity in the heart of Leasburg, the gateway to fun in Missouri. This brand-new Dollar General Market, the latest generation store and Dollar General's best concept, is a one-stop shop featuring expanded produce, refrigerated and frozen food offerings, dairy products, and a variety of fresh meats. This 12,668-square-foot location boasts a 15-year absolute net lease with four five-year options, allowing savvy investors to recapture an impressive 104% of their investment in the primary term - a rare occurrence in any net lease investment.
The Dollar General Market in Leasburg has zero landlord responsibilities, 5% rent bumps during the primary term and each option, a full Dollar General Corporate Guaranty, and a Better Business Bureau (BBB) investment grade credit rating. With a projected 6.60% cap rate, it is the ideal choice for investors seeking a passive, no-hassle investment and those seeking an ideal 1031 exchange property.
Leasburg, a charming bedroom community just over an hour outside St. Louis, serves as the gateway to two of Missouri's top tourist destinations - the Meramec River, a Mecca for floating/rafting and fishing, and Onondaga Cave State Park, drawing almost half a million visitors annually. Situated on Highway H, the main thoroughfare to both attractions, this Dollar General Market fills a retail void in the area, making it a prime location with increasing demand. Dollar General, America's top dollar store concept, has consistently exhibited 33 successive quarters of growth. Seize this exceptional investment opportunity in the heart of Leasburg.
The Dollar General Market in Leasburg has zero landlord responsibilities, 5% rent bumps during the primary term and each option, a full Dollar General Corporate Guaranty, and a Better Business Bureau (BBB) investment grade credit rating. With a projected 6.60% cap rate, it is the ideal choice for investors seeking a passive, no-hassle investment and those seeking an ideal 1031 exchange property.
Leasburg, a charming bedroom community just over an hour outside St. Louis, serves as the gateway to two of Missouri's top tourist destinations - the Meramec River, a Mecca for floating/rafting and fishing, and Onondaga Cave State Park, drawing almost half a million visitors annually. Situated on Highway H, the main thoroughfare to both attractions, this Dollar General Market fills a retail void in the area, making it a prime location with increasing demand. Dollar General, America's top dollar store concept, has consistently exhibited 33 successive quarters of growth. Seize this exceptional investment opportunity in the heart of Leasburg.
Property Details
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Grocery/Convenience Store, Freestanding
- Lot Size (sq. ft)
- 880,783 SF
Highlights
- This brand-new Dollar General Market location offers a new leasing structure, providing rent bumps during the lease's primary term.
- Zero landlord responsibilities, a Dollar General Corporate Guaranty, and a BBB investment grade credit rating encompass this prime opportunity.
- Due to a lack of alternative retail options in this bedroom community, this DG Market will become a key resource for locals and visitors to this area.
- Just over an hour from St. Louis on Hwy H, Leasburg attracts over half a million travelers to the Onondaga Cave State Park and Meramec River.
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