Dollar General – Neelyville, Missouri
Fortis Net Lease is pleased to present this 9,026 SF. Dollar General store located in Neelyville, Missouri. The property is encumbered with an Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains five (5) Yr. Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is currently open with rent having commenced in March 2017.
This Dollar General is highly visible as it is strategically positioned on Highway 67 which sees 4,953 cars per day. The ten mile population from the site is 5,676 while the three mile average household income is $36,884 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 7.0% cap rate based on NOI of $75,603.00.
• Absolute NNN Lease | Zero Landlord Responsibilities
• Five (5 Year) Options | 10% Rental Increase At Each Option
• Concrete Parking Lot
• Three Mile Household Income $36,884
• Ten Mile Population 5,676
• 4,953 Cars Per Day on Highway 67
• Investment Grade Dollar Store with “BBB” Credit Rating
• DG Reported 31 Consecutive Quarter of Same Store Sales Growth
• Only Dollar Store Within 7 Miles
• Less Than 1 Mile From Both Neelyville Elementary and High School (435+ Students)
Instate Broker of Record: Adam Blue | Area Real Estate Advisors | License # 2002027677