For Sale
$1,645,000

365 Public Ave Clever, MO 65631

High-yield, credit-rated retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fee-simple, single-tenant net-leased property occupied by Dollar Tree, a credit-rated, investment-grade tenant with a corporate guarantee. Located at 365 N Public Ave, Clever, MO 65631, this 2024-built, 1.21-acre convenience store boasts a 10-year lease (commencing May 21, 2024, and expiring May 30, 2034), offering a remaining term of 9.5 years. The property benefits from a strong 7.50% cap rate and a substantial net operating income (NOI) of $123,375. The lease includes five, 5-year options with rent increases totaling $5,250 annually ($.50 PSF). The property serves a robust market, with a 5-mile population of 14,094 and a 10-mile population of 75,484 residents, exhibiting an average household income of $98,834. The building features a 20-year transferable roof warranty, minimizing long-term maintenance concerns. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with a strong tenant and significant upside potential. The asking price is $1,645,000. 100% occupancy ensures immediate cash flow.

Property Details for 365 Public Ave

Property type
Retail properties, Drug stores
Year Built
2024
Lot Size (sq. ft)
52,708 SF

Location Insight

City
Clever
County
Christian
State
Missouri
Latitude
37.035952
Longitude
-93.473647

FAQs

What type of property is this?
Retail property - High-yield, credit-rated retail investment.
Where is the retail property located?
The property is located at 365 Public Ave Clever, MO.
What is the asking price?
The asking price for this property is $1,645,000.
How can I contact the broker?
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365 Public Ave
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