(Northbrook, IL- July 27, 2017) – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar General located at 4314 State Route N in Pomona, Missouri for $1,141,000.
The 9,100 square feet Dollar General is strategically located at the intersection of US Route 63 and Route N. US Route 63 is the primary north-south thoroughfare in the trade area while Route N is the primary east-west thoroughfare. The Dollar General was constructed in 2016.
The Dollar General lease has 14 years remaining and expires July 2031. The absolute triple net lease features no landlord responsibilities and 10% rental escalations in each of the five 5-year renewal option periods. Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB. Dollar General operated more than 13,350 stores in 43 states.