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Dollar General 103 N 25th St

9,002 SF Retail Building Bethany, MO 64424 $1,519,322 CAD ($169 CAD/SF) 7.90% Cap Rate

Investment Highlights

  • Triple Net Lease with 6.92-Years Remaining
  • Average Household Income Over $48,000 in 1-Mile Radius
  • Over 1,500 Households in 5-Mile Radius
  • Situated on a hard corner of a 4-way intersection – Sees over 17,000 VPD
  • Harrison County Community Hospital less than 1-mile away
  • 1-Mile off US-35 which sees over 12,000 VPD

Executive Summary

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located on 103 N 25thStreet, Bethany, Missouri. This investment is being offered at $1,140,622 which represents a 7.40% cap rate.
The subject property is a 9,002 square-foot store build-to-suit in 2016. There are currently 6.92-years remaining on the lease which expires on February 28th, 2031. Accompanied are five, five-year options, each with 10% rental increases. This triple net lease structure calls for tenant responsibilities of taxes, insurance, common area maintenance, roof, and structure. There are no landlord responsibilities.
This site is located in the heart of Bethany, Missouri, .5 miles east of Bethany Chamber of Commerce, Harrison County Courthouse, Harrison County Sheriff, Bethany Public Library, and Bethany City Hall. The 5-mile population is over 3,500 residents. Retail corridors with national tenants such as Walmart, Dollar Tree, O'Reilly Auto Parts, Hy-Vee, Pizza hut, Taco Bell, McDonalds, Sonic, Dairy Queen and Tractor Supply Co. are located to the east. Located in the north-west part of Missouri, the subject property is 90 miles north of Kansas City, Missouri. This location serves the population in a 10-mile radius as the closest Dollar General is 17 miles west, in Albany, Missouri.

Attachments

Flyer

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,002 SF
Building Class
B
Year Built
2016
Price
$1,519,322 CAD
Price Per SF
$169 CAD
Cap Rate
7.90%
NOI
$120,025 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.97 AC
Frontage
390 ft on Main Street

Nearby Major Retailers

Country Kitchen
Hy-Vee

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
19-2.0-10-4-15-1
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$225,460 CAD
  • Listing ID: 31509762

  • Date on Market: 2024-04-15

  • Last Updated:

  • Address: 103 N 25th St, Bethany, MO 64424

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