2094 Village Lane - Freestanding FOR SALE


Hermann, MO 65041
$2,252,000 USD
650-678-7200
2094 Village Lane, Hermann, MO for Sale
$2,252,000 USD
Freestanding - FOR SALE
1/2
null | 7% Cap Rate

2094 Village Lane
Hermann, MO 65041


HIGHLIGHTS

  • Brand-new 15-year lease featuring 5% rental increases every 5 years throughout the base term and options
  • 2024 build-to-suit construction DG Market prototype
  • The lease is backed by a corporate guaranty from Dollar General, #108 on the Fortune 500 list of companies
  • Absolute NNN lease structure features zero Landlord expense obligations, providing an investor with a truly “hands-off” investment
  • High growth market – 42% population increase within a 5-mile radius of the subject property since 2020
  • Dollar General generated $39.036 billion in 2023 fiscal year sales and a net income of $2.416 billion

OVERVIEW

New lease structure 15-year absolute NNN Dollar General Market featuring 5% rental increases every 5 years throughout the base term and options. The tenant is the country’s largest small-box discount retailer with over ~20,000 stores nationwide and boasts an investment grade credit rating (S&P: BBB).

FOR SALE DETAILS

PRICE

$2,252,000 USD

PRICE/SF

$180 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

-

APN/PARCEL ID

05-1.0-02-000-000-004.030

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

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