For Sale
$493,286

425 Hunt St Leadwood, MO 63653

Missouri Convenience Store, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a 10,511 square foot Dollar General convenience store located at 425 Hunt St, Leadwood, MO 63653. The property sits on a 1.27-acre lot and boasts a strong 7.00% cap rate, generating a substantial NOI of $34,530. Built in 1950, this single-story building is currently 100% occupied under a corporate-guaranteed Net Lease (NN) with Dollar General (NYSE: DG). The lease, originally commencing December 1, 2004, has a remaining term of 5 years with three 5-year options. Rent bumps vary according to a detailed rent schedule. The property benefits from a long operating history, exceeding 20 years, and a recent lease extension, demonstrating the tenant's significant commitment to the location. The limited landlord responsibilities include property taxes and maintenance only. The $46.93 price per square foot reflects the exceptional value of this investment, further enhanced by the strong financial performance of the tenant and the strategic location within the St. Louis MSA. This is a rare opportunity to acquire a stable, high-performing retail asset with a publicly traded, creditworthy tenant. The property's location benefits from high daily traffic counts exceeding 5,000 vehicles per day.

Highlights

  • Dollar General (NYSE: DG), the largest small-box discount retailer in the US, with over 19,000 stores and significant future expansion plans.
  • Corporate guarantee from publicly traded Dollar General (NYSE: DG), rated BBB by S&P, ensures financial security.
  • Strong tenant commitment and profitability are evident in same-store sales growth exceeding 4.3% year-over-year and a 10.6% increase in net sales.
  • Recent lease extension and a Double Net (NN) lease structure with limited landlord responsibilities (landlord pays property taxes and maintenance) demonstrate long-term tenant commitment.
  • Limited landlord responsibilities: Landlord responsible only for property taxes and maintenance.
  • Over 20 years of operation and a recent lease extension further solidify tenant commitment.

Property Details for 425 Hunt St

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,511 SF
Year Built
1950
Buildings
1
Stories
1
Lot Size (sq. ft)
55,321 SF
Units
1

Location Insight

City
Leadwood
County
St. Francois
State
Missouri
Latitude
37.86779006046
Longitude
-90.585647434669
425 Hunt St, Leadwood, Missouri

FAQs

What type of property is this?
Retail property - Missouri Convenience Store, Strong Tenant
Where is the retail property located?
The property is located at 425 Hunt St Leadwood, MO.
What is the asking price?
The asking price for this property is $493,286.
What are key features of this property?
This property features: Dollar General (NYSE: DG), the largest small-box discount retailer in the US, with over 19,000 stores and significant future expansion plans.; Corporate guarantee from publicly traded Dollar General (NYSE: DG), rated BBB by S&P, ensures financial security.; Strong tenant commitment and profitability are evident in same-store sales growth exceeding 4.3% year-over-year and a 10.6% increase in net sales.
How can I contact the broker?
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425 Hunt St
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