Current Use by Public Records
- Retail properties & Spaces
Property Details for 1413 Rt. 66
- Year built
- 2014
- Lot size
- 2.20 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 10,542 square foot Dollar General store located at 1413 U.S. Rt. 66, Waynesville, MO 65583. The property sits on a 2.2-acre lot at a hard-corner, signalized intersection of US RT 66 (approx. 15,879 vehicles per day) and Ichord Ave (approx. 6,721 vehicles per day). Built in 2014, this single-story building boasts a 100% occupancy rate with a strong, investment-grade corporate guarantee from Dollar General. The Absolute NNN lease structure ensures minimal landlord responsibilities, providing passive income for the investor. The current lease has five years remaining, with three, five-year renewal options. The property offers a compelling 8% cap rate and a net operating income (NOI) of $104,706, with an asking price of $1,308,825. This Dollar General store is a top performer, ranking in the top 92nd percentile nationwide and the top 94th percentile in Missouri according to Placer.ai. Dollar General's strong financial position, with a market cap of approximately $20 billion and a BBB (S&P) credit rating, further solidifies this investment's stability and potential for long-term growth. This is a rare opportunity to acquire a high-performing, passively managed retail asset with a proven track record.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waynesville
- County
- Pulaski
- State
- Missouri
- Longitude
- -92.2243
- Latitude
- 37.8126
