NEW - 12% CAP Rolla Retail Center, w/ 16.8% CAP upside
84,170 Square Foot Free Standing Retail Center in Rolla Missouri
This asset is priced at $29 / sf (LESS THAN 1/3 of replacement cost)
Well located with 420 parking spaces and excellent visibility.
Stabilized Cash Flow with Planet Fitness 10 year lease, plus JC Penny till 2023 and upside with the vacant unit of 15,000'.
12% CAP on current in place Net Operating Income and +/- 16.8% CAP when vacant unit is leased.
Area retailers include Walmart, Kohl’s, Lowe’s, Hobby Lobby, Menards, Big Lots, & Staples
Rolla is home to Missouri University of Science & Technology
Carlisle Golden Roofing Warranty thru 2023
PF thru 2028.
JCP thru 2023.
Priced at $2,400,000 (Yes...only $29 / SF!!!)