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25568 Hwy 5
9,100 SF Retail Building Gravois Mills, MO 65037 $1,699,547 CAD ($187 CAD/SF) 6.56% Cap Rate
Investment Highlights
- Low rent store at $8.64!
- Investment grate rated Tenant
- Frontage on Missouri Route 5
- Newer construction completed in 2017
- Absolute triple net lease
- Fully remodeled Fall of 2023
Executive Summary
This location was strategically selected by Dollar General due to its proximity to Lake of the Ozarks, which is one of the premier lake resort destinations in the country. With 1,150 miles of shoreline and covering roughly 54,000 acres, the lake attracts an estimated 2.5 million visitors annually. Located in central Missouri, the lake is nearly equidistant from the state’s largest population centers of St. Louis and Kansas City, making it a popular destination for both in-state and out-of-sate visitors. Dollar General has demonstrated their commitment to this location by recently completing a major renovation of the site.
Completed in 2017, the property is leased to Dollar General on an absolute triple net basis with no landlord responsibilities. The lease term expires on July 31, 2032 and has three, five-year renewal options with 10% rental escalations built into each option period. Dollar General is a publicly traded company (NYSE: DG) with $30.2 billion market capitalization and a Standard & Poor’s investment-grade credit rating of BBB. This offering affords a potential buyer a true turnkey investment and is ideal for investors seeking limited responsibilities, stable returns and solid capital growth.
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Retailer
- -
- -
- Jul 2024
At Dollar General, their actions are guided by a simple mission: Serving Others. For their customers, this means placing them at the center of all they do, working every day to deliver value and convenience through their neighborhood general stores. For their employees, this means respect and the opportunity to grow and develop their careers, and for their communities, this means helping support the communities they call home. They strive to make shopping hassle-free and affordable with easy-to-shop stores. Their stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands.
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
Retailer | - | - | Jul 2024 |
PROPERTY TAXES
Parcel Number | 154017400002003000 | Improvements Assessment | $204,688 CAD |
Land Assessment | $8,230 CAD | Total Assessment | $212,917 CAD |
PROPERTY TAXES
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25568 Hwy 5
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