Dollar General | 607 NE 23 Hwy
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Dollar General 607 NE 23 Hwy
9,146 SF Retail Building Knob Noster, MO 65336 £938,940 (£103/SF) 6.84% Net Initial Yield
Investment Highlights
- Blue-Chip Tenant: Dollar General is known as America’s neighborhood general store with more than 20,000 convenient locations in 48 states.
- Long-Term Lease: Dollar General has signed a long-term lease agreement which provides consistent rental income over an extended period of time.
- Brand Visibility: Dollar General draws customers with value and convenience ensuring a steady flow of visitors and potential sales growth.
- Prime Location: The property is strategically situated on 23 Hwy and 50 Hwy, ensuring high visibility and easy access.
- Minimal Landlord Responsibilities: Dollar General takes care of the majority of maintenance, making this investment hassle-free for landlords.
- Resilience and Recession Proof: Dollar General has proven its resilience during economic downturns, making it a reliable investment even in uncertain
Executive Summary
607 NE 23 Highway (“the Property”), located in Knob Noster, Missouri, is a 2010 built standalone retail building. The Property offers a high-quality building leased by Dollar General for 6.58 years with five different 5-year lease renewal options. This rare investment opportunity is comprised of a ±9,146 SF building on 1.40 acres of land. With rent bumps every five years and landlord responsibilities limited to the roof and structure, the Property is a solid investment.
Located on 23 Highway and just North of 50 Highway, the Property is on a highly trafficked highway with easy access. The property is set to serve a variety of customers being in close proximity to Whiteman Air Force Base and one of a few grocery stores and the only discount store in the city of Knob Noster.
Located on 23 Highway and just North of 50 Highway, the Property is on a highly trafficked highway with easy access. The property is set to serve a variety of customers being in close proximity to Whiteman Air Force Base and one of a few grocery stores and the only discount store in the city of Knob Noster.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
9,146 SF
Building Class
C
Year Built
2010
Price
£938,940
Price Per SF
£103
Net Initial Yield
6.84%
NOI
£64,194
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Lot Size
1.29 AC
Frontage
165 ft on North 23 Highway
PROPERTY TAXES
| Parcel Number | 10501600000002442 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £120,484 |
PROPERTY TAXES
Parcel Number
10501600000002442
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£120,484
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Dollar General | 607 NE 23 Hwy
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