294 Burks StFordland, MO 65652

For Sale
$894,150

High-performing Dollar General NNN lease

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a single-tenant, absolute NNN leased convenience store and storefront located at 294 Burks St, Fordland, MO 65652. The property boasts a substantial 9,100 square feet on a 1.73-acre lot, built in 2015. Currently occupied by Dollar General, a tenant with an investment-grade credit rating of BBB (S&P), this property offers a compelling 8% cap rate with a strong NOI of $71,532. The lease features a corporate guarantee and a remaining term of six years, with three, five-year renewal options, ensuring long-term passive income and minimal management responsibilities. The property's high performance is evidenced by its ranking in the top 92nd percentile nationally and the top 96th percentile in Missouri according to Placer.ai. Strategically located within approximately 25 miles of Springfield, MO (population approximately 170,067), this asset benefits from a robust market and the established success of its tenant. The asking price is $894,150, translating to a land value of $98 per square foot. This is a rare opportunity to acquire a low-management, high-return investment with a blue-chip tenant in a prime location. The property's strong financials, coupled with the tenant's proven track record and significant market presence, make this an attractive investment for discerning buyers.

Highlights

  • 8% cap rate, investment-grade credit tenant.
  • Located ~25 miles from Springfield, MO (pop. ~170,067).
  • Top-performing store: 92nd percentile nationally, 96th percentile in Missouri (Placer.ai).
  • Absolute NNN lease: zero management, passive income.
  • Investment-grade tenant (Dollar General, BBB S&P rating).
  • Dollar General: ~20,000 locations, continued expansion planned.

Property Details for 294 Burks St

Property type
Other retail properties, Individual retail properties
Square Feet
9,100 SF
Year Built
2015
Buildings
1
Stories
1
Lot Size (sq. ft)
75,359 SF
Units
1

Location Insight

City
Fordland
County
Webster
State
Missouri
Latitude
37.1555151
Longitude
-92.9445268
294 Burks St, Fordland, Missouri

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294 Burks St
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