425 Hunt St Leadwood, MO 63653-1100
- Retail space
- 9,100 SF
- 1.27 lot acres
Current Use by Public Records
- Retail space
Property Details for 425 Hunt St
- Year built
- 2004
- Lot size
- 1.27 lot acres
- Property size
- 9,100 SF
- Property type
- Retail space
- APN
- 08-20-3A-21-002-0006.01
- APU
- 08203A21002000601
Description
This exceptional investment opportunity presents a 10,511 square foot Dollar General convenience store located at 425 Hunt St, Leadwood, MO 63653. The property sits on a 1.27-acre lot and boasts a strong 7.00% cap rate, generating a substantial NOI of $34,530. Built in 1950, this single-story building is currently 100% occupied under a corporate-guaranteed Net Lease (NN) with Dollar General (NYSE: DG). The lease, originally commencing December 1, 2004, has a remaining term of 5 years with three 5-year options. Rent bumps vary according to a detailed rent schedule. The property benefits from a long operating history, exceeding 20 years, and a recent lease extension, demonstrating the tenant's significant commitment to the location. The limited landlord responsibilities include property taxes and maintenance only. The $46.93 price per square foot reflects the exceptional value of this investment, further enhanced by the strong financial performance of the tenant and the strategic location within the St. Louis MSA. This is a rare opportunity to acquire a stable, high-performing retail asset with a publicly traded, creditworthy tenant. The property's location benefits from high daily traffic counts exceeding 5,000 vehicles per day.
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
- Leadwood
- County
- St. Francois
- State
- Missouri
- Longitude
- -90.5862
- Latitude
- 37.8679
- CBSA code
- 22100
- CBSA name
- FARMINGTON, MO MICROPOLITAN STATISTICAL AREA
