| Purchase Price | $2,230,769 |
|---|---|
| Annual Rental Income | $145,000 |
| Cap Rate | 6.50% |
| Lease Term | 15 Years |
| City | Columbia |
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Dollar General—a publicly traded, investment-grade retailer operating nearly 20,000 locations nationwide under absolute triple-net leases—is a top-tier tenant offering investors secure, passive income as the tenant assumes all property-related costs. Excellent corporate guarantee.
This Columbia, Missouri location benefits enormously from its position in a thriving city of roughly 131,000 residents, one of the fastest-growing in the state with nearly 4% population growth since 2020 . The city’s economy is anchored by the University of Missouri and its health system, insurance and finance firms, and growing tech and transportation sectors, underpinned by a consistent 3% unemployment rate and over $3.5 billion in annual retail sales—approximately $27,700 per capita . With a median household income near $64,500 and per-capita income of about $37,400, Columbia represents a stable, middle-income trade area, further strengthened by its diverse demographic profile (college‑educated, young professionals, and families). A Redditor’s comment captures the city’s vitality:
“Columbia has transformed into a vibrant city alive with activity year‑round… thriving businesses, events and attractions”
Another praised life here:
“Downtown, campuses, and surrounding neighborhoods are the most walkable and dense… Columbia is the 5th most highly educated city in the nation”
These firsthand perspectives echo the quantitative data—Columbia’s low cost of living (~12% below national average), relatively affordable housing (median home value ~$280K), and robust job growth (forecasted ~27% over the next decade) . The local economy is not just anchored by education and health care but also supported by insurance, finance, and logistics firms—Bolstered by the University of Missouri (employing ~8,700), its healthcare system (5,000+), Veterans United Home Loans (3,400), and more. With a vibrant downtown, strong labor force participation (65%), and excellent amenities like extensive parks, arts, film festivals, and outdoor recreation , Columbia provides a high quality of life that attracts both students and families.
A Dollar General in this environment is well-positioned to serve everyday needs—from U of M students and faculty to healthcare workers and local residents—supporting steady traffic and consumer demand. In summary, this asset offers investors the rare combination of institutional-grade lease structure, credit-backed tenancy, and placement in a fast-growing, economically diverse, and culturally vibrant city—making it a superb addition to any net-lease real estate portfolio.