November 15, 2024 – Greg Moore of Horvath & Tremblay has successfully completed the sale of Dollar General in Bonne Terre, Missouri. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $2,054,657.
Dollar General is located at 2280 Highway K in Bonne Terre, Missouri. Dollar General Market consists of a 12,668 square foot building on a 1.41-acre parcel. Dollar General Market has 14+ years remaining on their Absolute NNN Lease with five (5), five-year renewal options. The lease calls for attractive 5% rent increases every 5-years throughout the primary lease term and at the start of each renewal option period providing the investor with an attractive increase in revenue and a hedge against inflation. The property is well located along Highway K and is seconds from the junction with US Highway 67, the area’s primary commuter corridor. Dollar General Market is the town’s only national discount retailer and one of two of the town’s only grocery stores (along with Save A Lot). The Property is also convenient to area schools and the town’s residential neighborhoods providing a built-in customer base. Bonne Terre is in east central Missouri approximately 60-miles south of St. Louis.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.