Dollar General NNN Retail
For Sale
Contact for pricing
Pending
1655 Veterans Dr, De Soto, MO 63020
Recently opened store with corporate backing and an absolute NNN lease structure.
Property Size9,002 SF
Days on Market142
Property Features for 1655 Veterans Dr
General Information
Standard status
Pending
Size
9,002 SF
Property subtype
Retail
Occupancy
100%
Net Operating Income
$85,232
Additional Details
Cap Rate
5.35%
Traffic Count
2,585 vehicles/day
Building Details
Year Built
2021
Buildings
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
Listed By:
Kyle Carson · License #MI 6501384480
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 2:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fortis Net Lease
Investment Insights
Based on property information with market context.
This 9,002-square-foot Dollar General store was completed as a 2021 build-to-suit project and has been operating since its 4/26/2021 rent commencement date. The investment is structured under a 15-year absolute NNN lease, with 5-year renewal options carrying 10% rental rate increases. Dollar General Corporation provides the corporate guarantee and holds a BBB investment-grade credit rating.
The property is situated in De Soto, Missouri, along Veterans Boulevard, also identified as Highway V. The roadway records 2,585 cars per day, while the surrounding market includes a ten-mile population of 42,028 and a three-mile average household income of $60,297 per year. The offering carries a 5.35% cap rate based on NOI of $85,232.04.
The property is situated in De Soto, Missouri, along Veterans Boulevard, also identified as Highway V. The roadway records 2,585 cars per day, while the surrounding market includes a ten-mile population of 42,028 and a three-mile average household income of $60,297 per year. The offering carries a 5.35% cap rate based on NOI of $85,232.04.
Key Highlights
- 9,002 SF Dollar General store completed in 2021 as a build‑to‑suit project
- 15‑year Absolute NNN Lease with 5 (5) Yr. Options to renew
- 10% rental rate increase attached to each renewal option
Property Analytics
Property Profile
Current Use
Lease Details
2,585 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 63020, MO
20,408
Population
8,922
Households
2.3
Avg Household Size
42
Median Age
14%
College-Educated
88%
High-School Grad
149.7 sq mi
ZIP Area
136
Density / Sq Mi
$65,908
Median Household Income
$39,077
Median Earnings
$872
Median Rent
$172,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Recently opened store with corporate backing and an absolute NNN lease structure.
Where is this nnn property located?
The property is located at 1655 Veterans Dr De Soto, MO.
What are key features of this property?
This property features: 9,002 SF Dollar General store completed in 2021 as a build‑to‑suit project; 15‑year Absolute NNN Lease with 5 (5) Yr. Options to renew; 10% rental rate increase attached to each renewal option
