Dollar General | Saint Joseph, MO
For Sale
Dollar General | Saint Joseph, MO
Asking Price: $640,000
| Cap Rate: 8.25%
- Net Operating Income: $52,800
- Weighted Avg. Lease Term (WALT): 4.3 Years
- Lease Type: Net
Property Highlights
- Leased to Dollar General on a Double Net-Lease featuring minimal landlord responsibilities with over 4.0 years remaining on the initial term and (1) 5-year renewal option in place with a 9% rental increase in year one of the option period
- The tenant has established a long-term presence at this location (25+ years), indicating the site’s strategic importance within the local trade area
- Dollar General maintains an investment-grade credit rating (S&P: BBB) and operates more than 20,000 locations nationwide, demonstrating a proven operating platform and long-term financial strength
- The property offers an investor the opportunity to acquire the asset at a significant discount to replacement cost, with a low acquisition basis of $49.71 PSF and below market in-place rent of $4.10 PSF