1324 W Main St - Retail FOR SALE


Mascoutah, IL 62258
$2,477,000 USD
720-604-2220
1324 W Main St, Mascoutah, IL for Sale
$2,477,000 USD
Retail - FOR SALE
1/1
null | 6.5% Cap Rate

1324 W Main St
Mascoutah, IL 62258


HIGHLIGHTS

  • Located in the St. Louis MSA approximately 30 miles east of Downtown St. Louis
  • High-end upgraded all-brick construction
  • Extremely affluent area with average annual household income of approximately $120,000 within 3 miles
  • Long-term 15-year lease
  • Rental increases every 5 years in primary term and renewal options
  • Brand-new construction store estimated to open in May 2025

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant brand-new construction Dollar General Market property in an affluent part of the St. Louis MSA. The Dollar General Market is in Mascoutah, which is home to MidAmerica St. Louis Airport, a commercial airport with 324K+ annual passengers and served by Allegiant Airlines. Boeing just built a $200M and 300,000 square foot drone manufacturing plant in Mascoutah that opened in 2024. The Dollar General property is located directly across the street from Mascoutah High School (1,200 students) and is five miles south of Scott Air Force Base (5,500 active-duty Air Force, 2,400 Air National Guard and Reserves, and 5,100 civilians). The surrounding area is extremely affluent with average annual household income of approximately $120,000 within three miles. The Dollar General Market features a high-end and upgraded all-brick construction. The store is scheduled to open in May 2025 and features a 15-year lease. The lease includes 5% rental increases every five years throughout the primary term and renewal option periods. The absolute triple net lease has no landlord responsibilities. Dollar General is an investment grade company (S&P: BBB) and plans to open 575 new stores in 2025.

FOR SALE DETAILS

PRICE

$2,477,000 USD

PRICE/SF

$235 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

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.