2280 Highway K - Freestanding FOR SALE


Bonne Terre, MO 63628
$2,054,657 USD
904-204-9080
2280 Highway K, Bonne Terre, MO for Sale
$2,054,657 USD
Freestanding - FOR SALE
1/5
null | 7% Cap Rate

2280 Highway K
Bonne Terre, MO 63628


HIGHLIGHTS

  • New Construction
  • Attractive Rent Increases
  • Zero Management Responsibilities
  • Investment Grade Credit
  • Recession Resistant Tenant
  • Area Drivers

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a newer construction freestanding Dollar General Market investment property located at 2280 Highway K in Bonne Terre, Missouri (the “Property”). The newer construction Dollar General Market has 13-years remaining on its Absolute NNN Lease with five (5), 5-year renewal options. The lease features attractive 5% rent increases every five years throughout the primary lease term and at the start of each renewal option. The recently constructed Dollar General Market is strategically located at the intersection of Hillcrest Drive and Missouri Highway K, a primary commercial and commuter corridor in Bonne Terre. The Property is positioned just seconds from a cluster of national and local retailers and restaurants that generate consistent consumer traffic. Located approximately 11 miles northwest of Farmington’s downtown area, the site is well positioned to cater to an underserved trade area with limited retail competition. The Property is also conveniently located near residential neighborhoods and area schools, supporting a built-in and reliable customer base. In addition, the site is approximately 0.2 miles from US Highway 67, providing strong regional connectivity. Bonne Terre is in eastern Missouri, approximately 60 miles south of St. Louis, further enhancing the Property’s accessibility within the broader market.

FOR SALE DETAILS

PRICE

$2,054,657 USD

PRICE/SF

$162 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

C

APN/PARCEL ID

07-60-13-01-010-0001.00,07601301010000101

ASK ABOUT THIS PROPERTY

Greg MooreHorvath & TremblayMore Info
904-204-9080

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Greg MooreHorvath & TremblayMore Info
904-204-9080

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.