1283 Highway J hwy - Storefront FOR SALE


Wright City, MO 63390
$2,150,000 USD
720-604-2220
1283 Highway J hwy, Wright City, MO for Sale
$2,150,000 USD
Storefront - FOR SALE
1/5
null | 6.65% Cap Rate

1283 Highway J hwy
Wright City, MO 63390


HIGHLIGHTS

  • Located in the St. Louis MSA approximately 40 minutes from St. Louis Lambert International Airport and 55 minutes from Downtown St. Louis
  • Lease features 5% rental increases every five years in primary term and renewal options
  • Affluent surrounding area with average annual household incomes of $118,000 in three miles
  • Brand-new construction Dollar General Market property featuring the larger and coveted 12,668 SF prototype
  • Long-term lease with 15 years remaining
  • Absolute triple net lease with no landlord responsibilities

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a new construction Dollar General Market in Wright City, MO. Wright City is located in the St. Louis MSA and approximately 40 minutes from St. Louis Lambert International Airport and 55 minutes from Downtown St. Louis. The average annual household income within three miles of the property is $118,000 and there are over 15,000 people living within a five-mile radius. This brand-new construction Dollar General Market store features the larger and highly coveted 12,668 SF prototype. The new 15-year lease features 5% rental increases every five years throughout the primary term and options. There are no landlord responsibilities. 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. Listed in association with David Elkan of Westmore Group Inc. MO License No. 2006016265

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$170 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Freestanding, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.3 AC

LAND SF

187,308 SF

ZONING

-

APN/PARCEL ID

198034000000026000

ASK ABOUT THIS PROPERTY

Zach WrightThe Boulder GroupMore Info
720-604-2220

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Zach WrightThe Boulder GroupMore Info
720-604-2220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.