607 NE 23 Hwy - Retail FOR SALE


Knob Noster, MO 65336
$1,100,000 USD
913-890-2002
607 NE 23 Hwy, Knob Noster, MO for Sale
$1,100,000 USD
Retail - FOR SALE
1/3
null | 7.46% Cap Rate

607 NE 23 Hwy
Knob Noster, MO 65336


HIGHLIGHTS

  • Blue-Chip Tenant: Dollar General is known as America’s neighborhood general store with more than 20,000 convenient locations in 48 states.
  • Prime Location: The property is strategically situated on 23 Hwy and 50 Hwy, ensuring high visibility and easy access.
  • Long-Term Lease: Dollar General has signed a long-term lease agreement which provides consistent rental income over an extended period of time.
  • Minimal Landlord Responsibilities: Dollar General takes care of the majority of maintenance, making this investment hassle-free for landlords.
  • Brand Visibility: Dollar General draws customers with value and convenience ensuring a steady flow of visitors and potential sales growth.
  • Resilience and Recession Proof: Dollar General has proven its resilience during economic downturns, making it a reliable investment even in uncertain

OVERVIEW

607 NE 23 Highway (“the Property”), located in Knob Noster, Missouri, is a 2010 built standalone retail building. The Property offers a high-quality building leased by Dollar General for 6.58 years with five different 5-year lease renewal options. This rare investment opportunity is comprised of a ±9,146 SF building on 1.40 acres of land. With rent bumps every five years and landlord responsibilities limited to the roof and structure, the Property is a solid investment. Located on 23 Highway and just North of 50 Highway, the Property is on a highly trafficked highway with easy access. The property is set to serve a variety of customers being in close proximity to Whiteman Air Force Base and one of a few grocery stores and the only discount store in the city of Knob Noster.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$120 USD /SF

CAP RATE

7.46%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

55,985 SF

ZONING

-

APN/PARCEL ID

10501600000002442

ASK ABOUT THIS PROPERTY

Jon England CCIM, SECNAI HeartlandMore Info
913-890-2002

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Jon England CCIM, SECNAI HeartlandMore Info
913-890-2002

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