Dollar General (Kansas City, MO-KS MSA)

Dollar General (Kansas City, MO-KS MSA)

Raymore, MO

Raymore, MO

Dollar General (Kansas City, MO-KS MSA)

Offered for sale is an 8,000 SF Dollar General on 0.96 acres in Raymore, Missouri, a fast-growing Kansas City suburb. Dollar General has operated at the site since 1999 and recently exercised a five-year renewal option under its double net lease, extending the term through March 2031. This is its fourth lease extension. The store fronts North Madison Street (10,692 VPD), and the 5-mile trade area has an average household income of $107,335. The adjacent 0.53-acre parcel is available to the buyer at a discounted package price of $50,000.

Price $564,000
Cap Rate 8.00%
Building Size 8,000 sqft
Lot Size 0.96 acres
Year Built 1999
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Recent Five-Year Lease Extension Through March 2031 | Four Lease Extensions to Date
  • Double Net Lease With Minimal Landlord Responsibility
  • Raymore Population Up 139 Percent Since 2000
  • Affluent Trade Area | $107,335 Average Household Income (5-Mile Radius)
  • Access and Visibility on North Madison Street (10,692 VPD)
  • Adjacent 0.53-Acre Parcel Available to the Buyer at a Discounted Package Price
  • Recent Development in the Area Includes the Raymore Commerce Center | Approximately 2.5 Miles From the Property
  • Kansas City MSA | 2.2 Million Residents

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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