1003 Eagle Crest Dr Holden, MO 64040

Property Details for 1003 Eagle Crest Dr

Year built

2024

Lot size

2.05 lot acres

Property type

Drug stores

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a 2024-built, 100% occupied, triple-net-leased convenience store, grocery store, and pharmacy in Holden, Missouri. The property boasts a strong corporate guarantee from Dollar Tree (BBB- credit rating), the second-largest discount retailer in the US, with over 16,000 locations. The 2.05-acre lot features a Family Dollar Tree combo store, benefiting from 20% higher sales than non-combo stores. The 10-year lease (expiring 05/30/2034) includes five, five-year options with $5,250 annual rent increases. The property enjoys a significant remaining lease term of 9.8 years, an 8% cap rate, and a substantial net operating income (NOI) of $100,275. Located 50 miles southeast of Kansas City, in an affluent area with an average household income of $80,958, this property offers a secure, high-performing investment with a 20-year transferable roof warranty. The asking price is $1,253,438. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with a strong tenant and long-term lease. The property's location within a thriving community, combined with the strength of the tenant and the favorable lease terms, makes this an attractive investment for discerning buyers. The building's recent construction (2024) ensures minimal maintenance needs for the foreseeable future. The limited landlord responsibilities inherent in the triple-net lease structure further enhance the investment's appeal. The substantial rent bumps built into the lease options provide for significant future income growth. This property represents a compelling combination of stability, growth potential, and strong cash flow.

Location Insight

City

Holden

County

Johnson

State

Missouri

Longitude

-93.979298695985

Latitude

38.709626539448