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\u2019s 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.<\/p>\n
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\u2019Reilly Auto Parts, Casey\u2019s, 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\u2019s rating of BBB.<\/p>\n
\u201cWell-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,\u201d stated Zach Wright, Vice President.<\/p>\n
\u201cDollar 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,\u201d added Brandon Wright, Associate.<\/p>\n","protected":false},"excerpt":{"rendered":"
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\u2019s opening. Zach Wright and Brandon Wright represented the purchaser in the transaction. The purchaser was an all-cash investor […]<\/p>\n","protected":false},"author":3,"featured_media":2851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[388],"tags":[],"class_list":["post-2850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-net-lease-sold"],"yoast_head":"\n