Net Leased Dollar General Sold

The Boulder Group has completed the sale of a single tenant brand-new construction Dollar General property located at 700 Twin Oaks Parkway in Peculiar, MO for $2,136,500. The property sold shortly following rent commencement and the store’s opening. Zach Wright and Brandon Wright represented the purchaser in the transaction. The purchaser was an all-cash investor based in Missouri. The seller was a Southeast-based real estate development company.

The brand-new construction Dollar General property is located approximately 30 miles south of downtown Kansas City and just east of Interstate 49. The Dollar General is positioned at a signalized intersection and surrounded by national and local retailers such as Price Chopper, Flying J Travel Center, O’Reilly Auto Parts, Casey’s, Subway, Sonic, Pizza Hut, and UMB Bank. The 15-year Dollar General lease features rental increases every five years and no landlord responsibilities. Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB.

“Well-located new construction Dollar Generals remain highly sought after amongst private investors. Asking cap rates for these properties are at a 10-year high, providing purchasers with an enticing opportunity to acquire long-term investments with an attractive basis,” stated Zach Wright, Vice President.

“Dollar General has one of the most landlord-friendly leases in the net lease world. Their new leases are for 15 years and have rental increases every five years with no landlord responsibilities,” added Brandon Wright, Associate.

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