1003 Eagle Crest DrHolden, MO 64040

For Sale
$1,215,455

High-yield, Missouri retail property. Strong tenant.

Overview

Added:
Feb 13
Days on market:
29
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.

Highlights

  • $1,215,455 asking price for a 10,500 SF retail property.
  • Net lease investment with a credit-rated, corporate-guaranteed tenant (Dollar General, Dollar Tree, Family Dollar).
  • 10-year lease (9.5 years remaining) expiring 05/28/2034, with five 5-year options at $5,250 annual rent increases.
  • 8.25% cap rate and $100,275 annual net operating income (NOI).
  • Located on a 2.05-acre lot at 1003 Eagle Crest Dr, Holden, MO 64040, a 2024 built-to-suit property with 100% occupancy.

Property Details for 1003 Eagle Crest Dr

Property type
Other retail properties, Individual retail properties
Square Feet
10,500 SF
Year Built
2024
Lot Size (sq. ft)
89,298 SF

Location Insight

City
Holden
County
Johnson
State
Missouri
Latitude
38.709396
Longitude
-93.980002
1003 Eagle Crest Dr, Holden, Missouri

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1003 Eagle Crest Dr
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