The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar General property positioned in Jefferson City, Missouri. The property was renovated in 2022 specifically for Dollar General. The subject lease commenced in September 2022 and features a 10-year term. Additionally, there are five 5-year renewal options with 10% rental escalation in each. The lease is also guaranteed by Dollar General Corporation.
The 11,000 square-foot building benefits from its position just off US Highway 50 (20,000 VPD) and proximity to US Highway 54. The subject property is located several blocks from Lincoln University, which hosts over 4,000 students, and Capital Region Medical Center. Both facilities pull continual traffic through the corridor. There are over 44,900 people living within a five-mile radius that earn an average household income of $83,282. Furthermore, Jefferson City is located just 30 miles south of Columbia, Missouri.
Dollar General Corporation is an American chain of variety stores headquartered in Goodlettsville, Tennessee, which has been in expansion mode for several years. Dollar General offers products that are frequently used and replenished—such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items—at low, everyday prices in convenient neighborhood locations. A leading discount retailer, Dollar General operates more than 18,130 stores in 46 states and has plans for significant future growth.