Dollar General | 250 Old US Hwy 50 E
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Dollar General 250 Old US Hwy 50 E
10,566 SF Retail Building Beckemeyer, IL 62219 £1,288,279 (£122/SF) 6.75% Net Initial Yield
Investment Highlights
- Located 45 miles from Downtown St. Louis
- Long-term 15-year lease
- Brand-new construction store scheduled to open in November 2024
- Rare 5% rental increases every five years in primary term and renewal options
- Affluent surrounding area with average annual household income of $102,580 within one mile
- Absolute triple net lease with zero landlord responsibilities
Executive Summary
The Boulder Group is pleased to exclusively market for sale a brand-new construction Dollar General in Beckemeyer, IL (St. Louis DMA). The store is estimated to open in November 2024. The property is located 45 miles east of Downtown St. Louis and in an affluent area with average annual household income of $102,580 within one mile. The property is just east of Carlyle Lake, the largest man-made lake in Illinois and largest lake wholly contained within the state.
The new 15-year lease features 5% rental increases every five years throughout the primary term and options. There are no landlord responsibilities. The property features a rare and extremely low rent and price point for a brand-new construction store.
Dolla General is an investment grade rated company (S&P: BBB). Dollar General is planning to open 730+ stores in 2024 and continues to experience same-store sales growth.
The new 15-year lease features 5% rental increases every five years throughout the primary term and options. There are no landlord responsibilities. The property features a rare and extremely low rent and price point for a brand-new construction store.
Dolla General is an investment grade rated company (S&P: BBB). Dollar General is planning to open 730+ stores in 2024 and continues to experience same-store sales growth.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
10,566 SF
Year Built
2024
Construction Status
Under Construction
Price
£1,288,279
Price Per SF
£122
Net Initial Yield
6.75%
NOI
£86,959
Tenancy
Single
Number of Floors
1
Building FAR
0.24
Land Acres
1.01 AC
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Dollar General
- -
- 10,566 SF
- -
- Triple Net
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Dollar General | - | 10,566 SF | - | Triple Net | - |
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Zach Wright -
Brandon Wright -
The Boulder Group
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Dollar General | 250 Old US Hwy 50 E
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