Overview

Description

SVN | Holman Partners is pleased to present a 100% fee simple interest in a Dollar General property located on Highway K, Bonne Terre, MO 63628. The 12,668 SF Relocation DG Market Store opened in April 2024 and is operated on a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. Included with the 15 years remaining on the initial lease term is Five (5) Year Options to Renew. There are 5% Base Rent Increases every 5 Years including during the Initial Lease Term giving an average cap rate of 7.19%. The store is strategically located along Highway K, a main thoroughfare in Bonne Terre. Dollar General is the largest discount retailer in the United States by the number of stores with over 19,100 neighborhood stores in 47 states. Not to mention they are among the largest retailer of top-quality products made by America's most trusted manufacturers such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg, General Mills, Nabisco, PepsiCo, and Coca-Cola.

Bonne Terre, MO is a city in St. Francois County located about 60 miles southwest of St. Louis, MO along Highway 67. Bonne Terre is located in the Missouri Lead Belt Region and considered part of the Greater St. Louis area and part of the Farmington Micropolitan Statistical Area. The Farmington Micropolitan Area includes both St. Francois and Washington County with a population of 90,554. This area is a growing community. The subject property is strategically located along Highway K, the main thoroughfare in Bonne Terre, just off the Highway 67 exit with 13,533 VPD. This new Relocation PLUS store is replacing a previous in-line strip center store across Highway K displaying the demand for DG is this area. Dollar General has a strong service area of 2+ miles in every direction, servicing a population over 6,000 people. All of this combines to make a very strong location for Dollar General.

Highlights

• 15 Years Remaining on Current Lease Term – Opened April 2024
• Five (5) Year Options to Renew
• 5% Base Rent Increases every 5 Years including during the Initial Term - 7.19% Avg. Cap Rate
• Absolute NNN Lease - No Landlord Responsibilities
• Relocation DG Market Store – displays demand for the area

Documents

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