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.