Galleria
Office | 6.5% CAP | 10,829 SqFt
Marketing description
Professional office/retail building on Osage Beach Parkway in Osage Beach MO, home of Lake of the Ozarks. This property has excellent visibility and strong traffic counts. The Galleria has been a strong asset with a diverse tenant base that brings strong customer bases. Some tenants have been in place for many years with no intentions of leaving. Currently 100% occupied. Expansion to the area will continue profitability for a very long time.
Lake of the Ozarks is the Midwest’s premier lake resort destination. From powerboat races, Jeep invasions, Bike Rally’s and more. Large scale developments including the Oasis ($400m entertainment complex), Outlet mall conversion with Bass Pro as the hub, and a Tribal Casino all in the development stages between now and 2027. The Lake of the Ozarks is no longer a seasonal destination spot and is now a year-round destination spot for all of the Midwest and beyond.
Plenty of value add with lease up and ability to increase rents. Seller wants an offer!
Investment highlights
At time of posting the property is 100% occupied. Initial leases range from 1-3 years, and most renew. Many tenants have been in place for many years. Leases are Gross rent plus CAM. Tenants pay for their own electric and internet. Landlord pays water, sewer, trash.
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