713 Madison St Jefferson City, MO 65101
- Retail space
- 11,000 SF
Current Use by Public Records
- Dollar General / Dollar Store / Drug Store
- Western Union / Money Transfer Service
Property Details for 713 Madison St
- Property size
- 11,000 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional investment opportunity presents a 11,000 square foot Dollar General storefront in Jefferson City, Missouri. The property boasts a strong 8.50% cap rate and a substantial $85,000 annual net operating income (NOI). The building, completely renovated in 2022, is situated on Madison Street, benefiting from high visibility near US Highways 50 (20,000 vehicles per day) and 54 (15,100 vehicles per day). The current lease, with a credit-rated tenant, commenced September 9, 2022, and extends to September 30, 2032, with five 5-year renewal options, each including a 10% rent increase. The property's prime location is further enhanced by its proximity to Lincoln University (4,000 students) and Capital Region Medical Center, serving a population of over 44,900 within a five-mile radius, boasting an average household income of $83,282. This single-tenant, net-lease investment offers a secure, long-term income stream with significant upside potential. The asking price is $1,000,000, translating to $90.91 per square foot. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any diversified investment portfolio. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with a proven track record.
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
- Jefferson City
- County
- Cole
- State
- Missouri
- Longitude
- -92.1759506
- Latitude
- 38.5709598
