607 NE 23 Hwy, Knob Noster, MO, 65336
607 NE 23 Hwy
Knob Noster, MO 65336
FOR SALE
Property Type:
Free Standing BuildingAmount:
$1,200,000
Last Verified:
Aug 22, 2024Daily Email Blast
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Highlights
- Seller will carry back a loan for a period to assist Buyer
- Small Town Charm
- Only Dollar/Variety Store in the area
- Lease Expiration Date: April 30, 2031 (6+ Years remaining)
- Over 16,000 VPD from Hwy's 23 & 50
- Five (5) 5-Year Options with 10% increase at each option
- Located near Whiteman Air Force Base
- Nearby Cities are Warrensburg and Sedalia
Description
This is a classic BTS Dollar General for sale in the beautiful small town of Knob Noster, MO. It is located approx. 70 Miles S/E of Kansas City, MO. The asking price is $1,200,000, the NOI is $82,041.96/Yr. NN, and the Cap Rate is 6.84%. Dollar General has been there since 2010 and exercised a 5-Year renewal early that commences on May 1, 2025 showing commitment to the site. With 6+ Years remaining on the lease, this is a strong stabilized investment for any investor.
The property is strategically situated on 23 Hwy and 50 Hwy, approx. 70 miles S/E of Kansas City, MO, ensuring high visibility and easy access.
Year Built: 2010
Building Size: 9146sq ft
Lot Size: 1.4 acres