Discount
Dollar General
927 US-24, Monroe City, MO 63456
Listing Price: $1,197,045
Investment Overview
Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located on 927 US-24 in Monroe City, Missouri. This investment is being offered at $1,197,045 which represents a 7.75% cap rate.
The subject property is a 10,640 square foot store build-to-suit in 2016. There are currently 5.6-years remaining on the lease which expires on May 31st, 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 along Highway 24 with over 9,400 vehicles passing by daily. The 5-mile population is over 3,300 residents. Monroe City is in the north-east area of Missouri, 135 miles north-west of St. Louis, Missouri and 75 miles north of Columbia, Missouri. The property is located on the main retail corridor, with many nationally accredited tenants such as Subway, BP, Family Dollar and Hardee’s. The closest Dollar General is 18-miles east located in Hannibal, Missouri.
Dollar General
Investment Highlights
- Triple Net Lease - No Landlord Responsibilities Commitment to Monroe, City market - Relocation of previously successful store Positioned on a 1.60 acre lot
- Average Household Income Over $67,000 in 1-Mile Radius Monroe City Schools less than a mile west of the location with 734 students enrolled 1,267 Households in 5-mile radius
- Situated on main east-west thoroughfare of town Less than a mile off US-36 that sees over 11,000 VPD
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $1,197,045
Investment Highlights
- Triple Net Lease - No Landlord Responsibilities Commitment to Monroe, City market - Relocation of previously successful store Positioned on a 1.60 acre lot
- Average Household Income Over $67,000 in 1-Mile Radius Monroe City Schools less than a mile west of the location with 734 students enrolled 1,267 Households in 5-mile radius
- Situated on main east-west thoroughfare of town Less than a mile off US-36 that sees over 11,000 VPD
Investment Overview
Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located on 927 US-24 in Monroe City, Missouri. This investment is being offered at $1,197,045 which represents a 7.75% cap rate. The subject property is a 10,640 square foot store build-to-suit in 2016. There are currently 5.6-years remaining on the lease which expires on May 31st, 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 along Highway 24 with over 9,400 vehicles passing by daily. The 5-mile population is over 3,300 residents. Monroe City is in the north-east area of Missouri, 135 miles north-west of St. Louis, Missouri and 75 miles north of Columbia, Missouri. The property is located on the main retail corridor, with many nationally accredited tenants such as Subway, BP, Family Dollar and Hardee’s. The closest Dollar General is 18-miles east located in Hannibal, Missouri.
Exclusively Listed By
Broker of Record
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
