1003 Eagle Crest DrHolden, MO 64040

Property Details for 1003 Eagle Crest Dr

Year built

2024

Lot size

2.05 AC

Property size (Sq ft)

10,500 SF

Property type

Retail properties

Property subtype

Drug stores

Description

This exceptional investment opportunity presents a fee-simple, 10,500 square foot retail property located at 1003 Eagle Crest Dr, Holden, MO 64040, within the Kansas City MSA. Built in 2024, this property boasts a 10-year Net Net Net (NN+) lease with a credit-rated, corporate-guaranteed tenant: a combined Family Dollar and Dollar Tree store. The lease, expiring May 28, 2034, has 9.5 years remaining and includes five, 5-year options, each with a $5,250 rent increase ($0.50 per square foot). The property features a 20-year transferable roof warranty and enjoys 100% occupancy, generating a strong Net Operating Income (NOI) of $100,275, resulting in an attractive 8.25% cap rate. Situated on a 2.05-acre lot, this property benefits from its location in an affluent community with an average household income of $80,958. The combined Family Dollar and Dollar Tree store model has demonstrated a 20% higher sales volume compared to single-branded stores. Dollar Tree, the parent company, holds an investment-grade credit rating of BBB- and has a significant presence with over 16,000 locations nationwide. This property offers a secure, high-yield investment with substantial upside potential. The asking price is $1,215,455.

Location Insight

City

Holden

County

Johnson

State

Missouri

Latitude

38.7094

Longitude

-93.98

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