1283 State Hwy Wright City, MO 63390
- Retail properties
- 12,668 SF
- 4.30 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1283 State Hwy
- Year built
- 2024
- Lot size
- 4.30 lot acres
- Property size
- 12,668 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 12,668-square-foot Dollar General Market in Wright City, Missouri, situated within the St. Louis MSA. The property boasts a 15-year absolute triple-net (NNN) lease with a prominent location on a 4.3-acre parcel at the hard corner of Highway J and Schemmer Road, approximately three miles north of Interstate 70. The lease includes 5% rent bumps every five years, ensuring consistent income growth. With a strong 6.65% cap rate and a substantial net operating income (NOI) of $142,975, this asset offers significant returns. The affluent surrounding area features an average annual household income of $118,000 within a three-mile radius, and over 15,000 residents live within five miles. Built in 2024, this larger-prototype Dollar General store benefits from the company's investment-grade rating (S&P: BBB) and its continued expansion plans, including over 730 new store openings in 2024. The property is offered at $2,150,000 ($169.72/sq ft) and is suitable for a 1031 exchange. Three five-year lease options provide long-term stability and growth potential. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a rapidly growing market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wright City
- County
- Lincoln
- State
- Missouri
- Longitude
- -91.0129
- Latitude
- 38.8762
