Dollar General NNN Property For Sale — St. Louis, MO
13100 New Halls Ferry Rd, St. Louis, MO
Dollar General continues to be a favorite in the NNN space. Properties are reasonably priced with a low barrier to entry and the company continues to outperform the broader retail market. In Q3, 2022, the company’s net sales were up 11.5%. The brand added over 1000 new stores in 2022, pushing total nationwide Dollar General locations to 18,774. Historically, Dollar General and other discount retailers have thrived in all economies – good and bad – which is one reason NNN investors continue to purchase these assets. When you factor in Dollar General’s investment-grade credit and long-term, corporate-guaranteed, absolute NNN leases, it’s no wonder buyers are still competing for Dollar General investments.
- Address: 13100 New Halls Ferry Rd, St. Louis, MO
- Asking price $1.50M
- 5.63% cap rate
- NOI $84,375
- 15 years remaining
- NNN lease
- Building size: 9,149 SF
- Lot size: 1.35 acres
- Rent increases: 10% annual rent increases in each 5-year option period.
- Guarantor: Corporate
Location
This Dollar General property is at 13100 New Halls Ferry Rd in St. Louis, Missouri.
Asset type: Retail