Absolute NNN Retail
For Sale
Contact for pricing
Pending
33243 Highway 21, Lesterville, MO 63654
Operating Dollar General store with an absolute NNN lease and renewal options.
Property Size9,026 SF
Days on Market143
Property Features for 33243 Highway 21
General Information
Standard status
Pending
Size
9,026 SF
Property subtype
Retail
Additional Details
Cap Rate
6.5%
Building Details
Tenancy
Single
Listing Agency:
Fortis Net Lease
Listed By:
Kyle Carson · License #MI 6501384480
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 4:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fortis Net Lease
Investment Insights
Based on property information with market context.
This operating Dollar General store contains 9,026 SF and is subject to a 15 Year Absolute NNN Lease. The lease includes five (5) Yr. renewal options, each providing a 10% rental rate increase, and is corporately guaranteed by Dollar General Corporation. The tenant is currently open, with rent having commenced.
The property is located at 33243 Highway 21 in Lesterville, Missouri, positioned along Highway 21, identified in the source as the city’s main thoroughfare. The surrounding ten mile population is 2,081, while the three mile average household income is $62,489 per year.
The offering provides fee simple ownership of an operating branded retail property with stated lease terms and a 6.5% cap rate based on NOI. The source identifies the asset as suitable for a 1031 exchange buyer or passive investor.
The property is located at 33243 Highway 21 in Lesterville, Missouri, positioned along Highway 21, identified in the source as the city’s main thoroughfare. The surrounding ten mile population is 2,081, while the three mile average household income is $62,489 per year.
The offering provides fee simple ownership of an operating branded retail property with stated lease terms and a 6.5% cap rate based on NOI. The source identifies the asset as suitable for a 1031 exchange buyer or passive investor.
Key Highlights
- 9,026 SF Dollar General store at 33243 Highway 21, Lesterville, MO 63654
- 15 Year Absolute NNN Lease
- Five (5) Yr. renewal options with a 10% rental rate increase each
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
2,253 visits/mo
0.2 miles
Demographics for 63654, MO
577
Population
442
Households
1.3
Avg Household Size
49
Median Age
14%
College-Educated
82%
High-School Grad
71.4 sq mi
ZIP Area
8
Density / Sq Mi
$31,406
Median Household Income
$29,042
Median Earnings
$188,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Operating Dollar General store with an absolute NNN lease and renewal options.
Where is this nnn property located?
The property is located at 33243 Highway 21 Lesterville, MO.
What are key features of this property?
This property features: 9,026 SF Dollar General store at 33243 Highway 21, Lesterville, MO 63654; 15 Year Absolute NNN Lease; Five (5) Yr. renewal options with a 10% rental rate increase each
