Dollar General - 521 E 2nd St, Annapolis, MO 63620

Colliers International is pleased to offer for sale this absolute NNN, single-tenant Dollar General Store located at 521 East 2nd Street in Annapolis, MO. This is a great opportunity to purchase a high quality tenant, on a long term lease in rural Iron County. This location was developed in 2016 and is located along the major East-West thoroughfare in Annapolis, MO. The closest Family Dollar is over 60 miles away with the closest Dollar General being a 20 mile drive from the site. Dollar General occupies a 9,100 square foot building. Dollar General has over 14 years remaining on the base term of their lease with three, five year options. The offering is priced at $1,155,236, a 6.75% capitalization rate. The Net Operating Income is $77,978.40 and increases 10% upon the commencement of each option period.