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- LoopNet Team
908 N Truman Blvd
Caruthersville, MO 63830
Dollar Tree · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New Featuring Modern Prototype Construction | 1.4 Miles From Century Casino Caruthersville
- Five (5 Year) Options with $0.50 PSF Rent Increase at Each
- Investment Credit Tenant | Standard & Poor's: 'BBB-'
- 10 Year NN Lease Requiring Minimal Landlord Responsibilities
- 9,689 Vehicles Per Day on N Truman Blvd. | Located in Downtown Caruthersville Near Many National Retailers
- Ten Mile Population 11,216
PROPERTY FACTS
AMENITIES
- Pylon Sign
ABOUT 908 N TRUMAN BLVD , CARUTHERSVILLE, MO 63830
Fortis Net Lease is pleased to present this 9,990 SF Dollar Tree store located in Caruthersville, 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. 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 Locust Avenue and N Truman Blvd. which sees 9,689 cars per day. The ten mile population includes 11,216 residents and the three mile average household income at $40,445. These are ideal 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 $89,911. Instate Broker of Record: Adam Blue | Area Real Estate Advisors | License # 2002027677
PROPERTY TAXES
| Parcel Number | 16-04-17-04-009-00200 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $203,360 |
PROPERTY TAXES
