Dollar General
$753,300
685 U.S. 61, New Madrid, MO 63869
9
Cap Rate
67,800
NOI
Details:
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
Description:
sale
Nestled in the historic town of New Madrid, the location offers a unique blend of small-town charm and convenience. A short drive from the Mighty Mississippi River, downtown New Madrid is rich in heritage and features a variety of local shops, restaurants, and cultural attractions. The area's picturesque setting provides a serene and inviting environment for businesses, while the nearby Higgerson School Historic Site and Hunter-Dawson State Historic Site offer opportunities for leisure and learning. With its blend of history and modern amenities, the area surrounding the property is an ideal setting for professionals seeking a distinctive office space in a vibrant community.
New Madrid is the county seat of New Madrid County. The city is located 42 miles southwest of Cairo, Illinois, and north of an exclave of Fulton County, Kentucky, across the Mississippi River.
Today, New Madrid offers a blend of quiet, small-town charm and historical intrigue. Visitors can explore the New Madrid Historical Museum, stroll along the scenic riverwalk, or learn about the area's pivotal role in Civil War river operations. Surrounded by rich farmland and wetlands, the city also serves as a gateway for birdwatching, fishing, and other outdoor pursuits in the Mississippi River floodplain.
Despite its modest size, New Madrid is a place where nature, history, and science intersect—making it a compelling stop for travelers and researchers alike.
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