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17101 Highway 64
Lebanon, MO 65536
Dollar General · Retail Property For Sale
PROPERTY FACTS
ABOUT 17101 HIGHWAY 64 , LEBANON, MO 65536
NNN LEASES | The lease is NNN, with no landlord responsibilities. The tenant is responsible for maintaining and repairing all aspects of the subject property including the roof, structure parking lots, HVAC, insurance and property taxes. LONG TERM LEASE | There are fourteen (14.1) years remaining on the lease term, plus five (5), five (5) year options. RENT INCREASES | The lease provides for 10% rent increases at each option period. This provides a hedge against potential future inflation. NEW CONSTRUCTION | The building was built in 2017. STRATEGIC DEMOGRAPHICS | The average household income in the three (3) mile demographic ring is $58,485, which fits Dollar General’s target customer base. CORPORATE GUARANTEE | The lease is guaranteed by Dollar General Corporation (NYSE: DG), a highly regarded company which has an investment grade credit rating of BBB (S&P) and Baa2 (Moody’s). The company operates over 14,000 Dollar General locations with 130,000 employees throughout the U.S. HIGH TRAFFICKED AREA | HWY 64 reports traffic counts of 5,680 cars per day.
PROPERTY TAXES
| Parcel Number | 13-3.2-05-000-000-004.003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $191,650 |
PROPERTY TAXES
