6500 King Hill Ave - Retail FOR SALE


Saint Joseph, MO 64504
$640,000 USD
312-269-0220
6500 King Hill Ave, Saint Joseph, MO for Sale
$640,000 USD
Retail - FOR SALE
1/3
null | 8.25% Cap Rate

6500 King Hill Ave
Saint Joseph, MO 64504


OVERVIEW

Stabilized Investment Opportunity - Leased to Dollar General on a Double Net-Lease featuring minimal landlord responsibilities with over 4.0 years remaining on the initial term and (1) 5-year renewal option in place with a 9% rental increase in year one of the option period ?Established Operating Location - The tenant has established a long-term presence at this location (25+ years), indicating the site's strategic importance within the local trade area ?Target Demographics - The asset is located within an ideal area with over 47,200 residents and an average household income of $69,600 within a 5-mile radius of the site ?Investment Grade Credit - Dollar General maintains an investment-grade credit rating (S&P: BBB) and operates more than 20,000 locations nationwide, demonstrating a proven operating platform and long-term financial strength ?Low Basis Asset - The property offers an investor the opportunity to acquire the asset at a significant discount to replacement cost, with a low acquisition basis of $49.71 PSF and below-market in-place rent of $4.10 PSF. The attractive basis provides downside protection while preserving long-term flexibility for redevelopment ?Neighboring Retail Tenants - Surrounded by tenants such as; McDonald's, Subway, Sonic, Taco John's, O'Reilly Auto Parts, Green Hills Grocery, Betty's Cafe, and more

FOR SALE DETAILS

PRICE

$640,000 USD

PRICE/SF

$50 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,534 SF

ZONING

CITY

APN/PARCEL ID

06-9.0-31-004-001-149.000

ASK ABOUT THIS PROPERTY

Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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

Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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