365 Public Ave Clever, MO 65631-9105

This exceptional investment opportunity presents a fee-simple ownership of a 10,500 square foot retail property in Clever, Missouri (zip code 65631, located at 365 N Public Ave). The property is currently 100% occupied by a portfolio of Dollar General, Dollar Tree, and Family Dollar stores under a triple-net (NN+) lease structure with a corporate guarantee. The lease commenced May 19, 2024, and has a remaining term of 9.5 years, expiring May 28, 2034. The property boasts a strong 7.65% cap rate and a Net Operating Income (NOI) of $123,375. Built in 2024, this building sits on a 1.21-acre lot and includes a 20-year transferable roof warranty. The lease includes five, 5-year options with rent increases of $5,250 (or $0.50 per square foot) each. The property benefits from a strong demographic profile, serving a 5-mile population of 14,094 and a 10-mile population of 75,484 residents, with an average household income of $98,834. The tenant, Dollar Tree, is a highly creditworthy, investment-grade rated (BBB-) corporation, and the second-largest discount retailer in the United States with over 16,000 locations. This property offers a secure, long-term investment with significant upside potential.