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8634 Old State Route 21, Hillsboro, MO, 63050

Dollar General
$1,310,871

Key Information

Cap Rate
8.15%
$ per SF
$163
Tot. SF
8,000
Year Built
2015
Term Remaining
±4.5 YRS
Type
Retail
Occupancy
100%
NOI
$106,837

Highlights

  • Investment-Grade Tenant: Full Corporate Guarantee from Dollar General Corporation (S&P: BBB), a publicly traded Fortune 500 company.
  • Absolute NNN Lease: Zero landlord responsibilities and passive ownership for investors.
  • Limited Retail Competition: Located in a strong, established trade area with minimal direct competitors.
  • Above-Market Yield: Attractive cap rate offering compelling risk-adjusted returns.
  • E-Commerce Resistant Model: Dollar General’s business is recession-resilient with consistent historical performance.
  • Lease Term Remaining: Approximately ±5.5 years left on the primary term plus three five-year renewal options with 10% rental increases.
  • Modern Construction: Built-to-suit in 2015, ensuring modern design and functionality.
  • Fast-Growing Retailer: Dollar General operates approximately 21,000 stores across 48 states.
  • Small-Box Format: Average store size of 8,000 SF provides convenient access to affordable goods for cost-conscious consumers.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 2022018843, 2017010164 (MO)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203