25568 Mo-5 Gravois Mills, MO 65037
- Retail properties
- 9,100 SF
- 4.42 lot acres
Current Use by Public Records
- Retail properties
Property Details for 25568 Mo-5
- Year built
- 2017
- Lot size
- 4.42 lot acres
- Property size
- 9,100 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This 9,100 sq ft. Dollar General store, built in 2017, is located in Gravois Mills, MO, on Highway 5, directly across from Lake of the Ozarks. The property sits on a 4.42-acre lot and boasts a strong 6.56% cap rate with a NOI of $78,698. The single-tenant, absolute triple-net lease with Dollar General (NYSE: DG) has 8 years remaining, plus three 5-year renewal options with 10% rent escalations. The property underwent a major renovation in the fall of 2023. This investment offers limited landlord responsibilities, stable returns, and significant capital growth potential, benefiting from the high tourist traffic to the Lake of the Ozarks, a major regional destination attracting millions of visitors annually. The asking price is $1,199,000, translating to $131.76 per square foot. The property's prime location and strong tenant ensure a secure and profitable investment. This turnkey opportunity is ideal for investors seeking low-maintenance, high-return assets. The lease's structure and Dollar General's investment-grade credit rating provide exceptional financial stability.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gravois Mills
- County
- Morgan
- State
- Missouri
- Longitude
- -92.8249
- Latitude
- 38.3135
