233 Health Way Dr
Potosi, MO 63664
Retail Property For Sale
Property Facts
About 233 HEALTH WAY DR , POTOSI, MO 63664
Fortis Net Lease is pleased to present this 9,979 SF Dollar Tree store located in Potosi, Missouri. The property is encumbered with a ten (10) year double net lease, leaving minimal landlord responsibilities. The lease contain five (5) year options to renew, each with $0.50 PSF rent increase, including each option. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB-” which is classified as investment grade. This Dollar Tree is highly visible as it is strategically positioned on the corner of State Highway 21 which sees 6,142 vehicles per day and State Highway 8 which sees 20,861. The site sits adjacent to Washington County Memorial Hospital, a general medicine and surgical facility, which has 25 beds. The ten mile population has 23,652 residents with the three mile average household income at $47,723. These are above-average demographics for a Dollar Store. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. List price reflects a 6.95% cap rate based on NOI of $103,781.50. Instate Broker of Record: Adam Blue | Area Real Estate Advisors | License #2002027677
Property Taxes
| Parcel Number | 19-6.0-013-002-005-002.00000 | Improvements Assessment | $229,430 |
| Land Assessment | $13,550 | Total Assessment | $242,980 |
Property Taxes
