Dollar General Properties For Sale Date November 5, 2016
The Boulder Group is pleased to exclusively market for sale a single tenant, new construction, net leased Dollar General properties for sale located in Uniontown, MO. Uniontown is located approximately ninety miles south of St. Louis along Interstate 55 and is approximately twenty miles north of Cape Girardeau. The 9,100 square foot Dollar General properties for sale is strategically located along US Route 61 which is the area’s primary north-south thoroughfare. The Dollar General was constructed in 2015. There are over 14 years remaining on the Dollar General lease which expires on September 30, 2030. The lease features 10% rental escalations in each of the five 5-year renewal option periods. This absolute triple net lease features no landlord responsibilities.
Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB. On October 15, 2015, Standard & Poor’s upgraded Dollar General from BBB- to BBB. Dollar General is publicly traded on the New York Stock Exchange (DG) with a market capitalization in excess of $23 billion. As of March 23, 2016, Dollar General operated 12,483 stores located in 43 states.
- Investment grade rated tenant (S&P: BBB)
- Long term lease with approximately 15 years remaining
- 10% rental escalations in each renewal option period
- Absolute triple net lease with no landlord responsibilities
- New construction (2016)
- Positioned along the trade area’s primary north-south thoroughfare
- Approximately three miles east of Interstate 55
- Located approximately twenty miles north of Cape Girardeau
- Concrete parking lot