Net Leased Dollar General Sold

The Boulder Group has completed the sale of a single tenant brand-new construction Dollar General property located at 250 Old U.S. Hwy 50 in Beckemeyer, IL for $1,592,000. The property sold shortly following rent commencement and the store’s opening. Zach Wright and Brandon Wrigh of The Boulder Group represented the seller. The seller was a Midwest-based real estate development company and the purchaser was a 1031 exchange investor based in Southern California.

The brand-new construction Dollar General property is located approximately 45 miles east of downtown St. Louis and 5 miles west of Carlyle Lake. The Dollar General is in an affluent area with average annual household income exceeding $102,000 within one mile. The new 15-year Dollar General lease features rental increases every five years and zero landlord responsibilities. Dollar General is the leading discount retailer and is an investment grade-rated company (S&P: BBB).

“We continue to see strong investor interest in Dollar General properties. Despite the negative publicity that their largest competitor Family Dollar has experienced, Dollar General continues to thrive. The company continues to experience same-store sales growth and is planning to open 575 new locations in 2025. Dollar General cap rates are currently near 10-year highs and their lease format has recently evolved becoming more appealing to long-term investors with rental increases throughout the primary lease term. This has created compelling buying opportunities for investors,” stated Zach Wright, Vice President.

“New construction Dollar General properties offer investors long-term passive incomes streams that are fully guaranteed by a multibillion-dollar company,” added Brandon Wright, Associate.

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