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Dollar General 8634 Old State Route 21 9,100 SF Retail Building Hillsboro, MO 63050 $1,310,871 ($144.05/SF) 8.15% Cap Rate
Investment Highlights
- Absolute NNN Lease with ±5.5 Years Remaining and Zero Landlord Responsibilities.
- Attractive 8.15% Cap Rate with $106,837 Annual NOI and Passive Ownership.
- Located in a Strong Trade Area with Limited Retail Competition.
- Investment-Grade Corporate Guarantee by Dollar General (S&P: BBB).
- Modern 8,000 SF Built-to-Suit Construction Completed in 2015.
- Three Five-Year Renewal Options Each Featuring 10% Rental Increases.
Executive Summary
Broker of Record
Kyle Matthews
License # 2022018843, 2017010164 (MO)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # 2022018843, 2017010164 (MO)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
1965
Price
$1,310,871
Price Per SF
$144.05
Cap Rate
8.15%
NOI
$106,836
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.72 AC
Zoning
CC-2
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 12-1.0-01.0-0-000-030 | Improvements Assessment | $329,200 |
| Land Assessment | $47,900 | Total Assessment | $377,100 |
Property Taxes
Parcel Number
12-1.0-01.0-0-000-030
Land Assessment
$47,900
Improvements Assessment
$329,200
Total Assessment
$377,100
Contacts
-
Brett Beers -
Kevin Bettinger -
Erik Vogelzang -
Matthews Real Estate Investment Services
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Dollar General | 8634 Old State Route 21
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