294 Burks St Fordland, MO 65652-8404

Property Details for 294 Burks St

Year built

2015

Lot size

1.99 lot acres

Property size

7,351 SF

Property type

Warehouses

APN

193006001017001030

APU

193006001017001030

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased convenience store and storefront located at 294 Burks St, Fordland, MO 65652. The property boasts a substantial 9,100 square feet on a 1.73-acre lot, built in 2015. Currently occupied by Dollar General, a tenant with an investment-grade credit rating of BBB (S&P), this property offers a compelling 8% cap rate with a strong NOI of $71,532. The lease features a corporate guarantee and a remaining term of six years, with three, five-year renewal options, ensuring long-term passive income and minimal management responsibilities. The property's high performance is evidenced by its ranking in the top 92nd percentile nationally and the top 96th percentile in Missouri according to Placer.ai. Strategically located within approximately 25 miles of Springfield, MO (population approximately 170,067), this asset benefits from a robust market and the established success of its tenant. The asking price is $894,150, translating to a land value of $98 per square foot. This is a rare opportunity to acquire a low-management, high-return investment with a blue-chip tenant in a prime location. The property's strong financials, coupled with the tenant's proven track record and significant market presence, make this an attractive investment for discerning buyers.

Location Insight

City

Fordland

County

Webster

State

Missouri

Longitude

-92.9443

Latitude

37.1554

CBSA code

44180

CBSA name

SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments