Listed by Bang Realty, Kelley Commercial Partners
$825,000
Dollar General Net Lease Offering
Details
APN 19200340018001001,19100230013001001
Property Type Retail
Sub Type Storefront
Square Footage 9,600
Net Rentable (SqFt) 9,600
Cap Rate 7.90%
NOI $65,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NNN
Lease Expiration 04/30/2029
Lease Options 4, 5-Year Options
Price per SqFt $90
Year Built 1958
Acreage 0.610
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 03/28/2002
Ground Lease No
Dollar General Net Lease Offering
Marketing description
Single-tenant retail building on South Main Street in Joplin, adjacent to regional retail nodes such as Northpark Mall.
Investment highlights
- 100% leased
- Recently signed lease extension with an 80% rent increase showing long term commitment to the site
- Priced well below replacement cost
- 20+ year operating history for Dollar General
- Recent updates include New HVAC and Parking Lot seal and stripe
Listing Contacts
Listed by Bang Realty, Kelley Commercial Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$65,000.00
$5,416.67/mo
Valuation Metrics
0
DSCR
7.88%
Cap Rate
7.88%
ROI
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