Investment Overview
Introducing a prime investment opportunity in the heart of New Madrid, MO. This 9,014 SF retail gem boasts 100% occupancy and a prime location on the renowned "Blues Highway" with 3,787 daily traffic counts. Featuring a prototypical Dollar General building, built to suit, this property brings stability and convenience with a long-term tenant in place. Recent upgrades include a new HVAC system in 2020, and the tenant has already extended their lease through December 2024. With a well-maintained concrete parking lot and favorable tenant payment arrangements, this exceptional property offers a seamless and lucrative investment opportunity in a thriving retail market.
Investment Highlights
- New HVAC 2020
- Tenant extended for 3 years Dec 2024
- Long term occupancy since 2005
- 3,787 daily traffic counts along US Hwy 61, the famous "Blues Highway" which runs from Minnesota to New Orleans
- Well maintained concrete parking lot
- Prototypical Dollar General building, built to suit
- Dollar General pays directly to vendors for insurance, and reimburse for real estate taxes. DG pays a monthly CAM stipend and reimburses actual expenses for any snow removal
- New Madrid is the county seat of New Madrid County
- Major employers in the area include Assoc. Electric Co-op, Local Government, Nursing and General Healthcare Providers, Rice and Grain production, and Magnitude 7 Metals Aluminum production