Listed by Sands Investment Group, Sands Investment Group Philadelphia
$760,000
First Street Center - Kennett, MO
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 7,416
Cap Rate 8%
NOI $60,764
Tenancy Multi
Brand/Tenant Cricket Wireless, Jackson Hewitt Tax Service
Price per SqFt $102
Year Built 2013
Acreage 1.220
Ground Lease No
100% Occupied Retail Center | 8.00% CAP | Value-Add Upside | Missouri
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 7,416 SF First Street Center located at 1021-1029 1st Street in Kennett, MO. Offered at $760,000, this 100% occupied retail asset provides stable in-place cash flow. It features approximately 2+ years of WALT, presenting investors with a compelling opportunity to increase rents to market levels and drive future NOI growth.
Investment highlights
- Fully Occupied Multi-Tenant Opportunity: Rare chance to acquire a 100% occupied asset at just $760,000.
- Diverse Service-Oriented Tenant Mix: The center is occupied by a mix of national and local, service-oriented tenants, including Security Finance, Cricket Wireless, Jackson Hewitt, Mail N More, and Hey Friends Nutrition.
- Excellent Building Condition: Built in 2013, this property has a metal roof and asphalt parking lot that both have significant useful lives.
- Low Per Square Foot Basis: Listed at over $102 PSF, providing an accessible entry price.
- Excellent Visibility: Strategically positioned along 1st Street, the major thoroughfare running through Kennett and the southeastern Missouri region, which sees approximately 15,580 vehicles per day.
- Near-Term Leasing Leverage: With a WALT of 2+ years, there is a clear opportunity to negotiate higher rent to meet the market or find new tenants to boost the net operating income.
Listing Contacts
Listed by Sands Investment Group, Sands Investment Group Philadelphia
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,764.00
$5,063.67/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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