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Dollar General 302 State Rte 161 9,026 SF Retail Building Albers, IL 62215 $1,872,000 ($207.40/SF) 6.50% Cap Rate
Investment Highlights
- Located in the St. Louis MSA approximately thirty miles from Downtown St. Louis
- Brand-new construction store scheduled to open in July 2026
- Extremely affluent area with average annual household income of approximately $130,000 within three miles
- Long-term lease with 15 years remaining
- 5% rental increases every five years
- Absolute triple net lease with no landlord responsibilities
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Building Size
9,026 SF
Building Class
B
Year Built
2026
Price
$1,872,000
Price Per SF
$207.40
Cap Rate
6.50%
NOI
$121,675
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.19 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dollar General
- -
- 9,026 SF
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dollar General | - | 9,026 SF | - | Triple Net | - |
Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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Dollar General | 302 State Rte 161
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