702 E Main St 11,585 SF 100% Leased Retail Building Warrenton, MO 63383 $920,825 ($79.48/SF) 8% Cap Rate

100% Leased, Two-Tenant Retail Asset
11,585 SF strip center featuring a strong national tenant complemented by additional income-producing warehouse space, providing stable cash flow and diversification.
Corporate-Guaranteed Lease with Dollar Tree, Inc. (NYSE: DLTR)
Dollar Tree occupies 78% of the Property under a NN+ lease with corporate guaranty, reimbursing its pro rata share of taxes, insurance, and CAM.
Recent Dollar Tree Lease Renewal
Dollar Tree recently exercised a new 5-year lease term through March 31, 2031, with two additional 5-year renewal options extending through 2041.
Small-Bay Warehouse with Below-Market Rents
The remaining 2,585 SF is leased to a local operator as small-bay warehouse space, with a scheduled rent increase on August 30, 2026, and a final renewal option extending through August 30, 2029. The tenant is currently paying below-market rent, providing embedded upside upon lease expiration or re-tenanting.
Strong Traffic & Regional Connectivity
Located along Main Street just off Missouri State Highway 47 (21,000+ VPD) and 0.9 miles from Interstate 70 (50,000+ VPD), a major east-west transportation corridor.
Growing Bedroom Community within the St. Louis MSA
Situated in Warrenton, a rapidly growing market approximately 55 miles west of St. Louis, with population growth projected at nearly 10% over the next five years.