Annapolis, MO Dollar General

Highlights

• 7+/- Years Remaining on Current Lease Term
• Three (5) Year Options to Renew
• 10% Base Rent Increases at each Option Period
• Absolute NNN Lease - No Landlord Responsibilities

Description

SVN | Holman Partners is pleased to present a 100% fee simple interest in a Dollar General property located at 521 East 2nd Street in Annapolis, MO 63620. The 9,100 SF Dollar General Store is operated on a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. Included with the 7+/- years remaining on the initial lease term is Three (5) Year Options to Renew. There are 10% Base Rent Increases at each Option Period. The store is strategically located along East 2nd Street, the main thoroughfare in Annapolis. Dollar General is the largest discount retailer in the United States by the number of stores with over 20,000 neighborhood stores in 47 states. Not to mention they are among the largest retailer of top-quality products made by America's most trusted manufacturers such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg, General Mills, Nabisco, PepsiCo, and Coca-Cola.

Annapolis, MO is a city in southern Iron County, Missouri. Annapolis is located at the intersection of routes 49 and K in the St. Francois mountains in southeast Missouri. With the Black River and Mark Twain National Forest nearby, Annapolis is a great spot for a recreational vacation such as camping, hiking, fishing, swimming, and more. Annapolis is also home to South Iron Elementary and South Iron High School The subject property is strategically located on Route 49 (also known as East 2nd Street), the main thoroughfare in Annapolis. The subject property has a very strong service area of 10 miles in every direction. With limited shopping options nearby, Dollar General is a necessity for the community of Annapolis and the surrounding area and should continue to thrive.