1615 S Baltimore St Kirksville, MO 63501
- Retail space
- 9,012 SF
- 1.30 lot acres
Current Use by Public Records
- Western Union / Money Transfer Service / Money Order Service
- FedEx OnSite / Mailing Service
- Dollar General / Drug Store / General Store
Property Details for 1615 S Baltimore St
- Year built
- 2010
- Lot size
- 1.30 lot acres
- Property size
- 9,012 SF
- Property type
- Retail space
- APN
- 13-05.0-15-002-02-03.001
- APU
- 13050150020203001
Description
This exceptional investment opportunity presents a freestanding Dollar General store located at 1615 S Baltimore St, Kirksville, MO 63501. Built in 2015, this 3,333 square foot property sits on commercially zoned land and boasts a strong 7.50% cap rate, generating a net operating income (NOI) of $90,000. The property is currently 100% occupied under a triple-net (NNN) lease with Dollar General, offering minimal landlord responsibilities. The lease commenced October 21, 2010, and expires September 29, 2030, with a remaining term of approximately 5.9 years. The lease includes four (4) five (5) year renewal options, with rent bumps at each option period. The asking price is $1,200,000, translating to $36 per square foot. This prime location benefits from its proximity to Truman State University, A.T. Stills University, and Moberly Area Community College, ensuring a consistent customer base. Dollar General's early exercise of a lease option underscores the strength and profitability of this location. This is a rare opportunity to acquire a stable, high-performing retail investment in a desirable Missouri market. The land value also reflects a $36 per square foot price. This is an absolute net lease investment.
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
- Kirksville
- County
- Adair
- State
- Missouri
- Longitude
- -92.5712
- Latitude
- 40.1813
- CBSA code
- 28860
- CBSA name
- KIRKSVILLE, MO MICROPOLITAN STATISTICAL AREA
