607 NE 23 Hwy Knob Noster, MO 65336

Property Details for 607 NE 23 Hwy

Year built

2010

Lot size

1.40 lot acres

Property size

9,146 SF

Property type

Retail space

APN

10-50-16-00-000-0024.42

APU

10501600000002442

Description

This exceptional investment opportunity presents a single-tenant, 9,164 square foot Dollar General store situated on a 1.4-acre lot in Knob Noster, Missouri. Built in 2010, this Class B retail building boasts a strong 6.6-year remaining lease term with a favorable Net Net Net (NNN) lease structure. Landlord responsibilities are limited to the building's roof and structure. The property enjoys a 100% occupancy rate, generating a substantial Net Operating Income (NOI) of $82,041, representing a compelling 6.84% cap rate. Located at 607 NE 23 Hwy, this strategically positioned property benefits from high traffic volume due to its proximity to Highways 23 and 50, and its convenient location near Whiteman Air Force Base. The asking price is $1,200,000, translating to $131.20 per square foot. The lease includes five 5-year renewal options with a 10% rent increase at each renewal. This presents a stable, long-term investment with significant upside potential. This is a rare opportunity to acquire a well-performing, single-tenant retail property in a desirable location. The property is a single-story building and is the only discount store in Knob Noster.