New Dollar General Plus
For Sale
Contact for pricing
Pending
220 W High St, Potosi, MO 63664
New Dollar General Plus store in Potosi, Missouri.
Property Size10,640 SF
Days on Market755
Property Features for 220 W High St
General Information
Standard status
Pending
Size
10,640 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$146,486
Building Details
Year Built
2024
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
Listed By:
Kyle Carson · License #MI 6501384480
Source:
Crexi
Added: Aug 7, 2024
Changed: Aug 21
Last Checked: Aug 29 at 8:06PM
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 is a brand new 10,640 square foot Dollar General Plus store located in Potosi, Missouri. Dollar General Plus stores are a larger prototype, allowing them to carry additional items. The property is secured with a 15-year absolute net lease with zero landlord responsibilities. The lease contains 5% rent increases every 5 years, including at each of the five-year options to renew. The lease is corporately guaranteed by Dollar General Corporation, which holds a credit rating of "BBB", classified as investment grade. The store is currently under construction, with rent and store opening on track for Q3 2024. This Dollar General Plus store is highly visible and strategically positioned off W High Street, which serves as the major traffic artery in the area. The corner lot provides visibility to over 9,639 vehicles per day. The five-mile population from the site is 9,540, while the five-mile average household income is $52,536 per year. This property represents an opportunity for a 1031 exchange buyer or a passive investor to attain the fee simple ownership of Dollar General. The list price reflects a 6.90% cap rate based on the initial NOI of $146,486.
Key Highlights
- 15‑year absolute net lease with zero landlord responsibilities.
- Corporate guarantee by Dollar General Corporation (BBB Investment Grade credit rating).
- New 10,640sf Dollar General Plus store (larger prototype).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
30k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Groceries 20%
Dining 11%
Potosi #2
Shops & Services
12,504 visits/mo
0.2 miles
Dollar General Market
Groceries
6,148 visits/mo
0.3 miles
FedEx Office Print & Ship Center
Shops & Services
4,574 visits/mo
0.3 miles
AutoZone
Shops & Services
3,738 visits/mo
0.4 miles
KFC
Dining
3,464 visits/mo
0.3 miles
Demographics for 63664, MO
8,333
Population
3,961
Households
2.1
Avg Household Size
41
Median Age
16%
College-Educated
83%
High-School Grad
287.7 sq mi
ZIP Area
29
Density / Sq Mi
$52,071
Median Household Income
$36,511
Median Earnings
$659
Median Rent
$122,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Harps Food Stores — 1 Parkway Shopping Ctr, Potosi, MO 63664
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - New Dollar General Plus store in Potosi, Missouri.
Where is this grocery and convenience store located?
The property is located at 220 W High St Potosi, MO.
What is the asking price?
The asking price for this property is $2,122,982.
What are key features of this property?
This property features: 15‑year absolute net lease with zero landlord responsibilities.; Corporate guarantee by Dollar General Corporation (BBB Investment Grade credit rating).; New **10,640sf Dollar General Plus store** (larger prototype).
