1021 1st St - Retail FOR SALE
Kennett, MO 63857 |
$760,000 USD
312-614-4521
1021 1st St
Kennett, MO 63857
HIGHLIGHTS
- Rare chance to acquire a 100% occupied asset at just $760,000.
- The center is occupied by a mix of national and local, service-oriented tenants, including Security Finance, Cricket Wireless, Jackson Hewitt, Etc.
- Built in 2013, this property has a metal roof and asphalt parking lot that both have significant useful lives.
- Listed at over $102 PSF, providing an accessible entry price.
- Strategically positioned along 1st Street, the major thoroughfare running through Kennett and the southeastern Missouri region.
- With a WALT of 2+ years, there is a clear opportunity to negotiate higher rent to meet the market.
OVERVIEW
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.
In Cooperation With Sands Investment Group Missouri, LLC - Lic. #2019044754 BoR: Tom Gorman - Lic. MO #2023012377
FOR SALE DETAILS
PRICE
$760,000 USD
PRICE/SF
$102 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
First Street Center - Kennett, MO
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2013
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.22 AC
LAND SF
53,143 SF
ZONING
-
APN/PARCEL ID
15-01.0-01-002-04-001.000.000
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312-614-4521
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312-614-4521
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