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Dollar General | First Cash Pawn

Hazelwood, Missouri

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Marcus & Millichap is pleased to present the exclusive net lease offering for a Dollar General/First Cash Pawn located at 7751 N Lindbergh Blvd, Hazelwood, Missouri. The property consists of 17,034 square feet of building space and is situated on a 1.41-acre parcel. This tenant has been successfully operating at this location for 32 years!

About the Investment:

✓ 32 Year Operating History for First Cash Pawn
✓ Corporate Guarantees on Each Tenant
✓ Brand New Roof Replacement in August 2020 – Total Costs of Over $50K
✓ 11 Year Operating History for Dollar General – Currently in 2nd Option Period
✓ Highly Established and Successful Locations
✓ Extremely Low Rent/Square Foot

About the Location:

✓ Dense Retail Corridor | Public Storage, Caliber Collision, Concentra, Dominos, Wing –Stop, Wendy’s Midas. Bank of America , and Many More
✓ Strong Demographics | Population Exceeds 81,000 Individuals Within a Three-Mile Radius and 176,000 within a Five-Mile Radius
✓ Features High Visibility and Ease of Access | Positioned on North Lindbergh Boulevard
✓ South County Center | Located Less Than 30 Miles Away | 150 Total Stores
✓ St. Louis Lambert International Airport| Located Approximately Six-Miles Away |Services over 6.3 Million Passengers Annually
✓ Robust School System| Over 1,400 Students Enrolled Locally
✓ Affluent Community | Average Household Income Exceeding $70,000 Within a Three-Mile Radius

About the Tenants/Brands:

✓ Well-Suited against Covid-19 with Grocery-Related Products and Low Price-Points in Recessionary Times
✓ First Cash is the leading international operator of pawn stores with more than 2,800 retail pawn and consumer lending locations in 24 U.S. state
✓ Lease Guaranteed by Dollar General Corporate (NYSE: DG) | 17,000+ Locations in 46 States
✓ Only Dollar Store With Investment Grade Credit (S&P:BBB)
✓ 29 Consecutive Years of Same-Store Sales Growth
✓ Dollar General has Opened ~1,000 Stores in Each of the Last Three Years

Key Details

Price:
$2,348,069
Cap Rate:
7.25%
Annual Rent:
$170,235
Address:
7751 N Lindbergh Blvd, Hazelwood, Missouri 63042
Property Type:
Net Lease Dollar Store
Lease Type:
Double-Net (NN)

Original Lease Term:
7 Years
Lease Commencement:
December 16th, 2009
Lease Expiration:
October 1, 2024
Lease Term Remaining:
3 Years
Lot Size:
+/- 1.41 Acres
Building Size:
17,034 SF
Tenant:
Dollar General | First Cash Pawn

Broker of record

Brad Barham

License: 2013016939


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