927 US Route 24 - Freestanding FOR SALE


Monroe City, MO 63456
$1,270,833 USD
727-550-7114
927 US Route 24, Monroe City, MO for Sale
$1,270,833 USD
Freestanding - FOR SALE
1/2
null | 7.3% Cap Rate

927 US Route 24
Monroe City, MO 63456


HIGHLIGHTS

  • Triple Net Lease – No landlord responsibilities
  • Positioned on a 1.60-Acre Lot
  • Average Household Income Over $53,000 in 1-Mile Radius
  • Monroe City Schools less than a mile west of the location with 734 students enrolled
  • 1,267 Households in 5-Mile Radius
  • Situated on main east-west thorough fare of town Less than a mile off US-36 that sees over 11,000 VPD

OVERVIEW

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located on 927 US-24 in Monroe City, Missouri. This investment is being offered at $1,270,833 which represents a 7.30% cap rate. The subject property is a 10,640 square foot store build-to-suit in 2016. There are currently 7.25-years remaining on the lease which expires on May 31st, 2031. Accompanied are five, five-year options, each with 10% rental increases. This triple net lease structure calls for tenant responsibilities of taxes, insurance, common area maintenance, roof, and structure. There are no landlord responsibilities. This site is located along Highway 24 with over 9,000 vehicles passing by daily. The 5-mile population is over 3,000 residents. Monroe City is in the north-east area of Missouri, 135 miles north-west of St. Louis, Missouri and 75 miles north of Columbia, Missouri. The property is located on the main retail corridor, with many nationally accredited tenants such as Subway, BP, Family Dollar and Hardee’s. The closest Dollar General is 18 miles east located in Hannibal, Missouri.

FOR SALE DETAILS

PRICE

$1,270,833 USD

PRICE/SF

$119 USD /SF

CAP RATE

7.3%

% 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

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

-

APN/PARCEL ID

01-4.0-18-001-001-001.030

ASK ABOUT THIS PROPERTY

Daniel HurdMarcus & MillichapMore Info
727-550-7114

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Daniel HurdMarcus & MillichapMore Info
727-550-7114

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