250 Old US Hwy 50 E - Storefront FOR SALE


Beckemeyer, IL 62219
$1,632,800 USD
720-604-2220
250 Old US Hwy 50 E, Beckemeyer, IL for Sale
$1,632,800 USD
Storefront - FOR SALE
1/1
null | 6.75% Cap Rate

250 Old US Hwy 50 E
Beckemeyer, IL 62219


HIGHLIGHTS

  • Located 45 miles from Downtown St. Louis
  • Rare 5% rental increases every five years in primary term and renewal options
  • Long-term 15-year lease
  • Affluent surrounding area with average annual household income of $102,580 within one mile
  • Brand-new construction store scheduled to open in November 2024
  • Absolute triple net lease with zero landlord responsibilities

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,632,800 USD

PRICE/SF

$155 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Freestanding, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

-

APN/PARCEL ID

07-07-21-203-023

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.