1610 Military St - Freestanding FOR SALE


Baxter Springs, KS 66713
$1,307,000 USD
678-808-2762
1610 Military St, Baxter Springs, KS for Sale
$1,307,000 USD
Freestanding - FOR SALE
1/3
null | 8% Cap Rate

1610 Military St
Baxter Springs, KS 66713


HIGHLIGHTS

  • LOWER RENT & PRICE POINT WITH ATTRACTIVE 8.00% RETURN
  • NEAR JOPLIN | 5TH LARGEST MSA IN MO
  • 1 MILE FROM 100,000 SF MANUFACTURING PLANT WITH 100 EMPLOYEES
  • 7.5-YEAR CORPORATE NN LEASE WITH DOLLAR TREE
  • INVESTMENT GRADE TENANT

OVERVIEW

LOWER RENT & PRICE POINT WITH ATTRACTIVE 8.00% RETURN • This property has a lower rent & price point of $1.3M and has an attractive 8.00% return which is unique for investment grade credit in this market. NEAR JOPLIN | 5TH LARGEST MSA IN MO • Baxter Springs is located 20 minutes west of downtown Joplin. • Joplin is a city in Jasper and Newton counties in the southwestern corner of the U.S. state of Missouri. • Joplin is the main hub of the three-county Joplin-Miami, Missouri-Oklahoma Metro area, which is home to 210,077 people making it the 5th largest metropolitan area in Missouri • Home to multiple colleges and universities including Missouri Southern State University with nearly 5,000 students enrolled. 1 MILE FROM 100,000 SF MANUFACTURING PLANT WITH 100 EMPLOYEES • This Family Dollar Tree is located 1 mile from a steel manufacturer with 100 employees. 7.5-YEAR CORPORATE NN LEASE WITH DOLLAR TREE • The subject property is a 2021 construction Family Dollar Tree located in Baxter Springs, KS. • This store opened and rent commenced in June 2021. • There are 7.5 years remaining on a 10-year corporate guaranteed NN Lease with Dollar Tree. • Tenant is responsible for parking lot repair, taxes, Insurance, HVAC, and Utilities. • There are limited Landlord responsibilities which include Roof & Structure and parking lot replacement. • The rent increases $0.50 per square foot in each of the five, 5 year option periods. INVESTMENT GRADE TENANT • Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB. • Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces. • Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion

FOR SALE DETAILS

PRICE

$1,307,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar Tree | 8.00% Return

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

CM

APN/PARCEL ID

221-01-0-30-29-002.00-0

ASK ABOUT THIS PROPERTY

Don McMinnMarcus & MillichapMore Info
678-808-2762

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Don McMinnMarcus & MillichapMore Info
678-808-2762

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.