Family Dollar - Kennett, MO

401 1st St Kennett , MO 63857

Family Dollar - Kennett, MO - Retail for sale

Download Offering Memorandum

Overview



Located in Kennett, Missouri, this property is the lowest priced Family Dollar on the market. There are two 5-year renewal options with an additional 5+ years remaining on lease. Situated in Kennett's main retail corridor, this property also has the added benefit of minimal landlord responsibilities.


Investment Highlights


  • Lowest price point Family Dollar on the market
  • 5+ years remaining on lease with 2, 5-year options
  • Located along main retail corridor
  • NN Lease structure with minimal landlord responsibilities


Broker of Record: Henry Voges - MO - 1999144162

General
Property Type Retail
Tenure Type Sale / Purchase
Property Address 401 1st St, Kennett, MO 63857-2447
Building Size 5,658  ft2
Financial
Price $295,000
Cap Rate 8.64%
Current NOI $25,481.00
Lease
Tenant's Name Family Dollar Store, Incorporated
Lease Type NN
Annual Rent $25,481.00
Lease Expiration Date 12/31/2023
Remaining Term 4.4Yrs

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