302 W STATE RTE 161

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302 W STATE RTE 161

ALBERS, IL 62215
Asking Price
$1.87M
Cap Rate
6.5%
Asset Type
Convenience Store Retail
Class
Class B

What's Special

Dollar General | St. Louis MSA | Extremely Affluent Area | Brand-New Build | 15-Yrs | Rental Incrs <ul><li>​Located in the St. Louis MSA approximately thirty miles from Downtown St. Louis</li><li>​Long-term lease with 15 years remaining</li><li>​Brand-new construction store scheduled to open in July 2026</li><li>​5% rental increases every five years</li><li>​Extremely affluent area with average annual household income of approximately $130,000 within three miles</li><li>​Absolute triple net lease with no landlord responsibilities</li><li>​Located along Highway 161, the primary east-west thoro

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NOI
$80,000
Cap Rate
4.27%
DSCR
0.72
Underwater
Cash-on-Cash
-5.54%
Monthly Payment
$9,261.635
Annual Cash Flow
$-31,139.615

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