Contacts
John Andreini
CP Partners
Property Details
- Property Type Retail - Freestanding
- Property Size 12,480 SF
- Lot Size 1.83 Acre
- Additional Rent Contact for pricing
- Property Tenancy Single Tenant
- Year Built 2024
- Date Updated Oct 21, 2024
-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).
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Highlights
- Brand-new 15-year lease featuring 5% rental increases every 5 years throughout the base term and options
- 2024 build-to-suit construction DG Market prototype
- The lease is backed by a corporate guaranty from Dollar General, #108 on the Fortune 500 list of companies
- Absolute NNN lease structure features zero Landlord expense obligations, providing an investor with a truly “hands-off” investment
- High growth market – 42% population increase within a 5-mile radius of the subject property since 2020
- Dollar General generated $39.036 billion in 2023 fiscal year sales and a net income of $2.416 billion
Getting around
-
52/100
Walk Score ®
-
44/100
Bike Score ®
Powered by Walk Score ®
Location
- City Hermann, MO
- Neighborhood Hermann
- Zip Code 65041
Points of Interest
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BP
1.82 miles
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Wings-A-Blazin'
0.05 miles
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Harvest Table
0.05 miles
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Loutre Market
1.96 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
John Andreini
CP Partners