Dollar General | New 15-Yr NNN w/ Increases 1010 Carriage dr

Investment Highlights

Brand New 2024 High-Quality Construction Rare 5% Rent Increases Every 5-Years in Primary Term & Options Adjacent to Truman Lake (Over 75,000 Annual Visitors) New 15-Year Absolute NNN Lease (Zero Landlord Responsibilities) Dollar General (NYSE: DG) Corporate Guarantee (Investment Grade Credit - S&P Rated BBB) 4.0% Expected Population Growth Over Next 5-Yrs (10-Mile Radius)

Executive Summary

The subject property is a newly constructed freestanding Dollar General located in Deepwater (Outside Kansas City), MO. The new 15-year absolute NNN lease includes rare 5% rental increases every 5-years in the primary lease term and in the (5) five-year option periods. The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment grade credit tenant, rated BBB by Standard & Poor's.This location benefits from its excellent visibility and frontage on Carriage Dr, the major thoroughfare through Deepwater, MO. This Dollar General is located only 2 miles to the shores of Truman Lake, one of the most popular lakes in the State of Missouri with over 75,000 annual visitors. The 10-mile population has expected growth of 3.68% over the next 5 years. This site is just 10 miles to downtown Clinton, MO, 81 miles to downtown Springfield, MO, and only 86 miles to downtown Kansas City, MO. This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Convenience Store Convenience Store General Retail Fast Food General Retail Freestanding General Retail Storefront Convenience Store
• Building Size    10,640
• Year Built    2024
• Price    1,766,330
• Price Per SF    166
• Cap Rate    6.65
• NOI    117,461
• Percent Leased    100
• Building Height    1 Story