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Dollar General 685 Us Highway 61 9,014 SF Retail Building New Madrid, MO 63869 $753,300 ($83.57/SF) 9% Cap Rate
Investment Highlights
- New HVAC 2020
- Long term occupancy since 2005
- Well maintained concrete parking lot
- Tenant extended for 3 years Dec 2024
- 3,787 daily traffic counts along US Hwy 61, the famous "Blues Highway" which runs from Minnesota to New Orleans
- Prototypical Dollar General building, built to suit
Executive Summary
Dollar General pays directly to vendors for insurance, and reimburse for real estate taxes. DG pays a monthly CAM stipend and reimburses actual expenses for any snow removal
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
C
Year Built
2005
Price
$753,300
Price Per SF
$83.57
Cap Rate
9%
NOI
$67,797
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.16 AC
Opportunity Zone
Yes
Frontage
270’ on U.S. 61
Property Taxes
| Parcel Number | 14-8.2-033-00-000-0030.05 | Improvements Assessment | $113,400 |
| Land Assessment | $16,000 | Total Assessment | $129,400 |
Property Taxes
Parcel Number
14-8.2-033-00-000-0030.05
Land Assessment
$16,000
Improvements Assessment
$113,400
Total Assessment
$129,400
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Dollar General | 685 Us Highway 61
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