Press release
The Boulder Group Arranges Sale of New Construction Dollar General Property in Beckemeyer, IL
The Boulder Group has completed the sale of a single tenant brand-new construction Dollar General property located at 250 Old U.S. Hwy 50 in Beckemeyer, IL for $1,592,000. The property sold shortly following rent commencement and the store's opening. Zach Wright and Brandon Wrigh of The Boulder Group represented the seller. The seller was a Midwest-based real estate development company and the purchaser was a 1031 exchange investor based in Southern California.
The brand-new construction Dollar General property is located approximately 45 miles east of downtown St. Louis and 5 miles west of Carlyle Lake. The Dollar General is in an affluent area with average annual household income exceeding $102,000 within one mile. The new 15-year Dollar General lease features rental increases every five years and zero landlord responsibilities. Dollar General is the leading discount retailer and is an investment grade-rated company (S&P: BBB).
"We continue to see strong investor interest in Dollar General properties. Despite the negative publicity that their largest competitor Family Dollar has experienced, Dollar General continues to thrive. The company continues to experience same-store sales growth and is planning to open 575 new locations in 2025. Dollar General cap rates are currently near 10-year highs and their lease format has recently evolved becoming more appealing to long-term investors with rental increases throughout the primary lease term. This has created compelling buying opportunities for investors," stated Zach Wright, Vice President.
"New construction Dollar General properties offer investors long-term passive incomes streams that are fully guaranteed by a multibillion-dollar company," added Brandon Wright, Associate.
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2013-2023, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.
For additional information, please visit www.BoulderGroup.com [http://www.bouldergroup.com/]
Media Contact
Company Name: The Boulder Group
Contact Person: Zach Wright
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=the-boulder-group-arranges-sale-of-new-construction-dollar-general-property-in-beckemeyer-il]
Phone: 720-604-2220
Address:1805 S Bellaire Street, Suite 355
City: Denver
State: Colorado
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html
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