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  1. Commercial Properties
  2. MO
  3. New Madrid

Dollar General

For Sale

685 U.S. 61, New Madrid, MO 63869

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.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.

Key features

  • 3,787 daily traffic counts along US Hwy 61, the famous "Blues Highway" which runs from Minnesota to New Orleans
  • 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
  • Long term occupancy since 2005
  • 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
  • New HVAC 2020
  • New Madrid is the county seat of New Madrid County
  • Prototypical Dollar General building, built to suit
  • Tenant extended for 3 years Dec 2024
  • Well maintained concrete parking lot

Building Details

  • For Sale $866,000
  • Property Type Retail - Freestanding
  • Property Size 9,014 SF
  • Additional Rent Price on request
  • Property Tenancy Single Tenant
  • Year Built 2005
  • Date Updated Oct 13, 2026
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Contacts

broker
Grant Kallevig

Encore Real Estate Investment Services

Location

  • City New Madrid, MO
  • Zip Code 63869
  • Map
  • Street
  • Walk score 30/100 Car-Dependent
  • Bike score 34/100 Somewhat Bikeable
Powered by Walk Score ®

Points of Interest

Casey's

0.37 miles

Casey's General Store

4.24 miles

Mobil

5.45 miles

ONE9

6.00 miles

Truck Parking

4.69 miles

Dave's Bestway

3.87 miles

Listing Summary

  • Property Financials

    685 U.S. 61 is currently listed for sale at $866,000 for a price per square foot of $96.07.

  • Property Details

    685 U.S. 61 totals 9,014 square feet of Retail space. The property was initially built in 2005.

    Tenancy at 685 U.S. 61 is listed as Single Tenant.

  • Area Characteristics

    In terms of ease of commuting, the area has a walk score of 30, indicating that it is car-dependent.

Contact Grant Kallevig
broker
Grant Kallevig

Encore Real Estate Investment Services

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