November 12, 2024 – Greg Moore of Horvath & Tremblay has successfully completed the sale of Dollar General Market in Lake Ozark, Missouri. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $2,050,000.
Dollar General is located at 61 N Shore Drive in Lake Ozark, Missouri. The new construction Dollar General Market consists of a 10,640 square foot building on a 1.05-acre parcel. Dollar General Market has a new 15-year Absolute NNN Lease with four (4), 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 N Shore Drive (Highway W) and is seconds from the Bagnell Dam and one of the northern entry points of Lake of the Ozarks, a significant tourist destination for the Midwest. There are more than 70,000 homes existing along the lake, many of which are vacation homes. Spectacular scenery characteristic of the Ozarks has also helped to transform the lake into a major resort area with more than 3 million people visiting the lake annually. Dollar General Market is the first national retailer residents and visitors pass as they approach Lake of the Ozarks from the North along US Highway 54. Lake Ozark is in central Missouri approximately 155-miles west 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.