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29139218
29139217

503 E Main St, Willow Springs, MO 65793

SVN | Rankin Company, LLC
Listed by SVN | Rankin Company, LLC
$900,000
145 days on market
Updated 51 days ago

503 E Main St

Details
Property Type Retail
Sub Type Commercial
Square Footage 11,060
Cap Rate 11.60%
Lease Type NN
Lease Expiration 01/30/2031
Price per SqFt $81
Acreage 1.050
Zoning B-2 Commercial
Parking Spaces 33 spaces
Parking Per SqFt 2.98
Investment Type Net Lease

Retail | 11.60% CAP | 11,060 SqFt

Marketing description

SVN is pleased to offer this former combo Dollar Tree | Family Dollar property For Sale at $900,000 in Willow Springs, MO. Although the tenant has vacated, the lease remains in place with over 5 years of term remaining at 11.3% cap rate. The property has 320' of frontage along E Main St with 147'on N Cherry St and 33 parking spaces. The property can be entered from both streets providing easy accessibility. It is zoned B-2 Commercial on a 1.05 acres lot. The taxes in 2024 were $0.93/SF. Tenant is responsible for all expenses other than liability insurance and some structural repairs.

This property is situated in the quaint town of Willow Springs, MO. The property is off of East Main Street just minutes from Highway 60. Neighboring businesses include O'Reilly Auto Parts, FedEx OnSite, Dollar General, United State Postal Service, Town and Country Supermarket, Tractor Supply Co, Simmons Bank, and may others.

Lee McLean III, SIOR, CCIM serves as a Senior Advisor for SVN Commercial in the Springfield Missouri metro area. Lee holds the SIOR & CCIM designation, a Brokers-Associate real estate license and ranks in the top 3% of SVN International.

Investment highlights

SALE PRICE: $900,000

BUILDING SIZE: 11,060 SF

PRICE / SF: $81.37

LOT SIZE: 1.05 ac

CAP RATE: 11.3%

LEASE EXPIRATION: January 31, 2031

LEASE TYPE: NN

ZONING: B-2 Commercial

LL OBLIGATION: Liability Ins. & some structural repairs

Listing Contacts

SVN | Rankin Company, LLC
Listed by SVN | Rankin Company, LLC

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