The Boulder Group has completed the sale of a single-tenant new-construction Dollar General at 4314 State Route N in Pomona, Missouri, for $1.14 million.
The 9,100-square-foot Dollar General is located at the intersection of US Route 63 and Route N. US Route 63 is the primary north-south thoroughfare in the trade area, while Route N is the primary east-west thoroughfare. The Dollar General was constructed in 2016.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented both the seller and purchaser in the transaction. The seller was a Southeast-based institution, and the purchaser was a Midwest high-net-worth private investor.
The Dollar General lease has 14 years remaining and expires July of 2031. The absolute triple-net lease features no landlord responsibilities and 10 percent rental escalations in each of the five 5-year renewal option periods.