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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

NorthPeak Commercial Advisors is pleased to bring this single tenant Dollar General located in the Lake of the Ozarks to market. Located in Gravois Mills just across Highway 5 from the Lake of the Ozarks in Missouri, this 9,100 square foot Dollar General is well positioned with frontage right on the primary thoroughfare in the trade area.
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.

Attachments

25568 Hwy 5 - OM

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2017
Price
$1,699,547 CAD
Price Per SF
$187 CAD
Cap Rate
6.56%
NOI
$111,552 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
4.42 AC
Parking
38 Spaces

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

PROPERTY TAXES

Parcel Number
154017400002003000
Land Assessment
$8,230 CAD
Improvements Assessment
$204,688 CAD
Total Assessment
$212,917 CAD
  • Listing ID: 31874006

  • Date on Market: 2024-05-21

  • Last Updated:

  • Address: 25568 Hwy 5, Gravois Mills, MO 65037

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