2094 Village Ln Swiss, MO 65041
- Retail properties
- 12,480 SF
- 0.83 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2094 Village Ln
- Year built
- 2024
- Lot size
- 0.83 lot acres
- Property size
- 12,480 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, 12,480-square-foot Dollar General Market in Hermann, Missouri. Built in 2024, this freestanding retail property sits on a 0.83-acre lot and boasts 40 parking spaces. The property is subject to a 15-year absolute NNN lease with a highly creditworthy tenant, Dollar General, featuring a 7.00% cap rate and a strong NOI of $157,645. The lease includes four, 5-year options with a 5% rent increase every 5 years, ensuring consistent income growth. The property benefits from a high-growth market, experiencing a 42% population increase within a 5-mile radius since 2020. Dollar General's impressive financial performance, with $39.036 billion in 2023 fiscal year sales and $2.416 billion in net income, further solidifies this investment's stability. This is a truly hands-off investment with zero landlord expense obligations, backed by a corporate guaranty from Dollar General, a Fortune 500 company. The property's address is 2094 Village Lane, Hermann, MO 65041. The asking price is $2,252,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Swiss
- County
- Gasconade
- State
- Missouri
- Longitude
- -91.4531
- Latitude
- 38.6823
