Details

Dollar General in Charleston, MO

117 N Main St, Charleston, MO

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hIGHLIGHTS

Size:10,000 SF

Price:$487,500.00

CAP RATE:8.00%

NOI:$0.00

PROPERTY
OVERVIEw

DETAILS

• 10,000 SF building / 1.52 Acre lot
• Price: $487,500
• Rental Income: $39,000
• Cap Rate: 8% (Based on rental income)
• Lease Structure: NN
• Lease Commencement Date: 5/25/1996
• Lease Expiration Date: 6/30/2025
• Dollar General has extended 3 times and funded upgrade to Dollar General Plus showing commitment to the property
• Landlord Responsibilities: Roof, structure, and parking lot (with monthly tenant contribution)
• Corporate Guarantee: Dollar General Corporation
• Renewal Options: One (1) five-year option
• New $70k roof in 2019 with 8+ years of warranty remaining

InCommercial Property Group is pleased to exclusively market for sale a Dollar General property located in the populous town of Charleston, MO. The 10,000 SF building is being offered for $500,000 with a 7.8% cap rate and has a NN lease structure. The property is seated directly on Main Street with excellent visibility. Dollar General is a credit tenant and is publicly traded on the New York Stock Exchange (Symbol: DG) with a market capitalization in excess of $39 billion. Dollar General operates more than 15,000 stores located in 45 states.

Location

Contact

Michael Mintz

Vice President, Brokerage

(847) 648-1717

MMintz@InCommercialRE.com