713 Madison St - Freestanding FOR SALE


Jefferson City, MO 65101
$1,000,000 USD
847-562-8500
713 Madison St, Jefferson City, MO for Sale
$1,000,000 USD
Freestanding - FOR SALE
1/5
null | 8.5% Cap Rate

713 Madison St
Jefferson City, MO 65101


OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar General property positioned in Jefferson City, Missouri. The property was renovated in 2022 specifically for Dollar General. The subject lease commenced in September 2022 and features a 10-year term. Additionally, there are five 5-year renewal options with 10% rental escalation in each. The lease is also guaranteed by Dollar General Corporation. The 11,000 square-foot building benefits from its position just off US Highway 50 (20,000 VPD) and proximity to US Highway 54. The subject property is located several blocks from Lincoln University, which hosts over 4,000 students, and Capital Region Medical Center. Both facilities pull continual traffic through the corridor. There are over 44,900 people living within a five-mile radius that earn an average household income of $83,282. Furthermore, Jefferson City is located just 30 miles south of Columbia, Missouri. Dollar General Corporation is an American chain of variety stores headquartered in Goodlettsville, Tennessee, which has been in expansion mode for several years. Dollar General offers products that are frequently used and replenished—such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items—at low, everyday prices in convenient neighborhood locations. A leading discount retailer, Dollar General operates more than 18,130 stores in 46 states and has plans for significant future growth.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$91 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

Commercial

APN/PARCEL ID

11-0.3-07-000-403-100-7

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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