Fast-growing discount store operator Dollar General Corp. (NYSE: DG) is nearing the opening of its 14th Springfield store.
Angela Petkovic, a spokeswoman for the Goodlettsville, Tennessee-based company, said an early spring launch is planned for the shop at 529 W. Division St. in the Grant Beach neighorhood.
“Meeting customers’ needs is Dollar General’s top priority when choosing store locations,” Petkovic said via email. “The company looks for places where we can offer customers an easy and convenient shopping choice as we generally serve customers within a three- to five-mile radius, or 10-minute drive.
“We also take competitive factors, traffic patterns and community concerns into consideration.”
Republic-based Micor Construction LLC is building the 9,100-square-foot store, said Pryor Bonner, who described himself as a general contractor for the construction company.
Petkovic said Dollar General typically leases the buildings for its stores. A listing for the new Springfield store was put online by the Knipp Group of Marcus & Millichap. With a price of $1.5 million, the property is marked as under contract. Greene County assessor records list the owner as DGOGSpringfieldmo07252018 LLC. The organizer is a West Plains attorney, according to the LLC’s Missouri secretary of state filing.
Petkovic declined to disclose Dollar General’s investment in the new store, and city building permits do not list an estimated cost.
The property is located at Division Street and Main Avenue, east of Grant Avenue.
Dollar General in December projected to add 1,000 stores in 2020. With more than 16,000 locations in operation, the company's strategy has been to open stores in rural and suburban areas and cater mainly to low- and middle-income customers, according to a CNN Business report.
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