Not to worry our Dollar General is not going anywhere, they have a 15 year lease and it is a brand-new 9,014 square foot, free standing building. the lease also includes four (5) year options.
This property is being offered as in investment opportunity with a great return on investment. Located at 121 N. 14th St. Rich Hill, Mo 64779 the NNN or Triple Net investment offers a proposed Cap Rate of 8.3%
Listed at $884,903 this presents a long term investment strategy that with the new Interstate 49 coming in replacing the old 71 Hwy is may turn into something great!
- Brand New 2011 Construction - Expected Fall 2011 Delivery
- 15 Year Absolute NNN Lease, Corporately Guaranteed
- Lease Includes Four (5) Year Options
- 3% Bump In Year 11 of Primary Term, 10% Bump in Option Periods
- Ideal Demographics for a Dollar General
- Nearest Competing Dollar General Over 13 Miles Away
This information came from one of our commercial real estate providers and may not be a listing of Turn-Key Properties LLC.
Now most folks looking to buy investment property aren't looking to Bates County, MO; unless they happen to live there. But As I make more of an impact on the areas real estate, I expect that to change.
Most real estate investors are looking in large metropolitan areas, why? beats me! I guess they figure they have all the elements in place in those areas, Property Managers, Advertising Medium, Agents, Realtor's® etc.
But we have all that here too! so I did a little research and found some multi-family properties listed in Bates County and I thought I'd share that information with you.
You can view those listings here. This link will expire in time, If I can help you give me a call at 816-313-8876