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21078679
21078698

1591 US-63, Houston, MO 65483

JR
MO 2018038830
SVN Rankin Company, LLC
Listed by SVN Rankin Company, LLC
$595,000
523 days on market
Updated 3 days ago

9.5% CAP Retail Center for Sale

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 10,500
Cap Rate 9.50%
NOI $56,779
Occupancy 100%
Tenancy Multi
Lease Type Gross

7 Tenant | 10,500 SF

Marketing description

PROPERTY OVERVIEW

Thank you for viewing this 100% leased retail center for Sale in Houston, MO. Located on US Highway 63, this center offers maximum visibility and accessibility from the city's busiest travel corridor. The 10,500 building, valued at a 9.5% CAP, features seven individual suites, leased to a variety of tenants including LendNation, Houston License Office and more. Please contact the listing agent for additional information and financials. Do not disturb tenants. Shown by appointment only. Thank you

LOCATION OVERVIEW

Located on Highway 63 and nestled within the heart of the Ozarks in South Central Missouri, this property sits in the city of Houston, offering warm hospitality, beautiful natural scenery and proud history that has laid the foundation for an exciting future. Houston, which is the County seat of Texas county and its over 20,000 residents, has all the amenities of a bigger city with the small-town feel of rural America. Streets are lined with beautiful historic houses and newly built single-family homes. The downtown is home to several small boutique stores and spas. Many national retailers also call Houston home. These include Walgreens, Dollar Tree, Taco Bell, Casey's, McDonald's, Walmart, Dollar General, Sonic, Pizza Hut and more.

Investment highlights

OFFERING SUMMARY

  • SALE PRICE: $595,000

  • BUILDING SIZE: 10,500 SF

  • OCCUPANCY: 100%

  • PRICE / SF: $56.67

  • CAP RATE: 9.54%

  • NOI: $56,779

  • MARKET: Houston, MO

  • COUNTY: Texas

Listing Contacts

JR
MO 2018038830
SVN Rankin Company, LLC
Listed by SVN Rankin Company, LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$56,779.00
$4,731.58/mo

Valuation Metrics

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DSCR
9.54%
Cap Rate
9.54%
ROI

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