Listed by Northmarq - Chicago
$1,662,884
Dollar Tree
Details
APN 19-2.0-10-20-008-010.000
Property Type Retail, Multifamily
Sub Type Storefront
Square Footage 8,320
Units 1
Cap Rate 8.25%
NOI $137,188
Tenancy Single
Lease Expiration 06/30/2030
Remaining Term 4
Lease Options 6 x 5 year
Year Built 2016
Buildings 1
Acreage 0.770
Lease Commencement 07/01/2014
Ground Lease No
ON MARKET: Corporate-Backed Absolute Net Lease | 10% Rent Bumps Every 5 Years | Dominant Four-State
Marketing description
Northmarq is pleased to present Family Dollar, a 8,320 SF asset located at 1502 W 7th Street, Joplin, MO 64801. The property is offered at $1,662,884, representing a 8.25% cap rate on current NOI of $137,188. The asset is leased to Family Dollar with 4 years of term remaining. The property benefits from established retail hub of the four state region of Missouri, Kansas, Oklahoma, and Arkansas.
Investment highlights
- Absolute Net Lease with Zero Landlord Responsibilities
- Retail Hub of the Four-State Region
- Hard Corner Site with Strong 7th Street Frontage
- Established Joplin Commercial Corridor
- Market-Resilient Discount Retail Tenant
Listing Contacts
Listed by Northmarq - Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$137,188.00
$11,432.33/mo
Valuation Metrics
0
DSCR
8.25%
Cap Rate
8.25%
ROI
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