1 Mo-6 Green City, MO 63545
- Retail properties
- 10,640 SF
- 1.41 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1 Mo-6
- Year built
- 2023
- Lot size
- 1.41 lot acres
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General store in Green City, Missouri. Located at 1 MO-6, 63545, this single-story, freestanding building sits on a 1.41-acre lot and boasts a 15-year absolute NNN lease commencing May 1, 2024. The lease includes attractive 5% rent increases every five years, ensuring consistent income growth. The property's current annual net operating income (NOI) is $109,351, yielding a 6.70% cap rate based on the asking price of $1,632,105. A recent March 9, 2024 appraisal valued the property at $1,800,000. The property is zoned commercial and was built in 2023. This is a turnkey investment with a strong tenant and a secure long-term lease, making it an ideal addition to any portfolio. The property is currently open for business. The price per square foot is $153.39. This represents a compelling opportunity for investors seeking stable, passive income with significant upside potential. The property is situated in Sullivan County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Green City
- County
- Sullivan
- State
- Missouri
- Longitude
- -92.9523
- Latitude
- 40.26
