For Sale
$1,253,438

1003 Eagle Crest Dr Holden, MO 64040

Missouri Convenience Store Investment

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a 2024-built, 100% occupied, triple-net-leased convenience store, grocery store, and pharmacy in Holden, Missouri. The property boasts a strong corporate guarantee from Dollar Tree (BBB- credit rating), the second-largest discount retailer in the US, with over 16,000 locations. The 2.05-acre lot features a Family Dollar Tree combo store, benefiting from 20% higher sales than non-combo stores. The 10-year lease (expiring 05/30/2034) includes five, five-year options with $5,250 annual rent increases. The property enjoys a significant remaining lease term of 9.8 years, an 8% cap rate, and a substantial net operating income (NOI) of $100,275. Located 50 miles southeast of Kansas City, in an affluent area with an average household income of $80,958, this property offers a secure, high-performing investment with a 20-year transferable roof warranty. The asking price is $1,253,438. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with a strong tenant and long-term lease. The property's location within a thriving community, combined with the strength of the tenant and the favorable lease terms, makes this an attractive investment for discerning buyers. The building's recent construction (2024) ensures minimal maintenance needs for the foreseeable future. The limited landlord responsibilities inherent in the triple-net lease structure further enhance the investment's appeal. The substantial rent bumps built into the lease options provide for significant future income growth. This property represents a compelling combination of stability, growth potential, and strong cash flow.

Highlights

  • 2024 built-to-suit Family Dollar Tree store in Holden, MO.
  • 10-year NNN lease with five, 5-year options; $5,250 annual rent increases ($.50/SF).
  • 20-year transferable roof warranty.
  • Investment-grade credit tenant (Dollar Tree, BBB-), second-largest US discount retailer (16,000+ locations).
  • Located 50 miles southeast of Kansas City, MO in an affluent area ($80,958 average household income).
  • Family Dollar Tree combo stores show 20% higher sales than single-brand stores; Dollar Tree demonstrated strong pandemic performance.

Property Details for 1003 Eagle Crest Dr

Property type
Retail properties, Drug stores
Year Built
2024
Lot Size (sq. ft)
89,298 SF

Location Insight

City
Holden
County
Johnson
State
Missouri
Latitude
38.709626539448
Longitude
-93.979298695985

FAQs

What type of property is this?
Retail property - Missouri Convenience Store Investment
Where is the retail property located?
The property is located at 1003 Eagle Crest Dr Holden, MO.
What is the asking price?
The asking price for this property is $1,253,438.
What are key features of this property?
This property features: 2024 built-to-suit Family Dollar Tree store in Holden, MO.; 10-year NNN lease with five, 5-year options; $5,250 annual rent increases ($.50/SF).; 20-year transferable roof warranty.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1003 Eagle Crest Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message