Current Use by Public Records
- Dollar General / Discount Store
Property Details for 728 State Highway H
- Year built
- 2023
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General Plus store in Miner, Missouri. Boasting a 15-year absolute NNN lease commencing December 4, 2023, this property offers significant long-term stability with built-in 5% rental increases every five years. The property features an upgraded partial brick design on an oversized lot, and enjoys a prime location along State Hwy H, benefiting from high visibility and significant daily traffic. The tenant, Dollar General, is an investment-grade credit tenant (S&P rating 'BBB'), the nation's largest retailer with over 20,000 stores. The strategic location in Scott County, centrally positioned between St. Louis and Memphis, provides access to a strong daytime population exceeding 12,500 employees within the primary trade area. Proximity to major transportation arteries (I-55), the Missouri Delta Medical Center, numerous schools, and popular national forests further enhances the property's value and appeal. The asking price is $1,770,000, representing a compelling 7.15% cap rate and a price per square foot of $166.35. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio. The lease includes four, 5-year renewal options. The Net Operating Income (NOI) is $126,552. The property was built in 2023 and has 100% occupancy.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miner
- County
- Scott
- State
- Missouri
- Longitude
- -89.5374
- Latitude
- 36.9196
