2062 Missouri H Leasburg, MO 65535
- Retail properties
- 12,668 SF
Current Use by Public Records
- Retail properties
Property Details for 2062 Missouri H
- Year built
- 2024
- Property size
- 12,668 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a brand-new, 12,668 square foot Dollar General Market in Leasburg, Missouri, situated on Highway H. The property boasts a 15-year absolute NNN lease commencing January 14, 2024, and expiring January 30, 2039, with four 5-year renewal options. The lease includes a 7.00% cap rate and a strong net operating income (NOI) of $142,844. Rent increases of 5% are built into the lease during both the primary term and each option period. The property benefits from a full Dollar General corporate guaranty and a robust credit rating, minimizing landlord responsibilities and offering significant investor security. Leasburg is a growing community near popular tourist destinations, the Meramec River and Onondaga Cave State Park, ensuring high foot traffic and strong consumer demand. This is a prime opportunity for a 1031 exchange or any investor seeking a passive, low-maintenance investment with substantial return potential. The property is projected to recapture 110% of the initial investment during the primary lease term. The building was constructed in 2024 and represents Dollar General's newest store concept, the DG Market, featuring expanded grocery offerings. This location is strategically positioned to serve the underserved retail market in Leasburg, capitalizing on the significant tourist traffic and local population.
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
- Leasburg
- County
- Crawford
- State
- Missouri
- Longitude
- -91.2995
- Latitude
- 38.0957
