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Dollar Tree - Versailles, MO 503 W Newton St

8,800 SF Retail Building Versailles, MO 65084 £769,170 (£87/SF) 8.75% Net Initial Yield

Investment Highlights

  • Single Tenant Freestanding Dollar Tree in Versailles, MO
  • Dollar Tree Ranked #137 on Fortune 500 List
  • Positioned on Major East-West Traffic Corridor - Strong Core Demographics to Support Dollar Store Concept
  • Seller Spent $35,000 On The Roof Last Year
  • NN Lease With Minimal Landlord Responsibilities - Lease Equipped with Rent Increases in Option Periods
  • Essential Retailer - Internet, Pandemic, and Recession Resistant Tenant

Executive Summary

There are 3+ remaining on a NN lease with minimal LL responsibilities. Taxes and Insurance are fully reimbursed by the tenant. This 8,800 SF building was built in 2017 and currently sits on 1.47 Acres.
There are 10,170 vehicles passing per day on Newton St. This city is known for "Jacob's Cave" which is the largest swap meet in the midwest and boasts an attendance of over 30,000 people at each event. It is also situated near many national tenants such as Walmart, Taco Bell, Sonic, Citizens Bank, O'Reilly's, Pizza Hut and also a High school & Middle school. The 1 mile radius is projected to grow by 3.52% in the next 5 years.

Attachments

Versailles, MO

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,800 SF
Building Class
C
Year Built
2017
Price
£769,170
Price Per SF
£87
Net Initial Yield
8.75%
NOI
£67,302
Tenancy
Single
Number of Floors
1
Building FAR
0.20
Land Acres
1.00 AC

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

At Dollar Tree, their customers can expect to find an environment where shopping is fun. They're known for their “thrill-of-the-hunt” shopping experience where customers can discover new, exciting items every week, from everyday essentials to fun craft, seasonal, and party merchandise. Many of the items they carry sell for more elsewhere, which means that their customers can stretch their dollars to get the products they need at an extreme value. They remain fiercely committed to their mission of bringing their customers extreme value every day, along with more thrills, more fun & new items every week! Dollar Tree carries a broad, exciting mix of consumable, variety, and seasonal merchandise that includes many trusted national and regional brands. In the midst of massive growth, Dollar Tree remains committed to their original mission: giving customers extreme value at low prices. With stores in the U.S. and Canada, they are fulfilling that mission more now than ever before.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
123006300002002000
Land Assessment
£2,761
Improvements Assessment
£88,811
Total Assessment
£91,572
  • Listing ID: 32247979

  • Date on Market: 25/06/2024

  • Last Updated:

  • Address: 503 W Newton St, Versailles, MO 65084

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