1209 S Main St - Retail FOR SALE


Sikeston, MO 63801
$3,750,000 USD
913-890-2002
1209 S Main St, Sikeston, MO for Sale
$3,750,000 USD
Retail - FOR SALE
1/3
null | Request Cap Rate

1209 S Main St
Sikeston, MO 63801


OVERVIEW

- Shadow anchored by Walmart Supercenter, Ollie’s Bargain Outlet, Sikeston Cinema, and directly across from Lowe’s. - 80% National tenants with strong historical tenancy and recent renewals and expansions by Harbor Freight, CATO, and Hibbett Sports, all proving commitment and success at the center and in the market. - Majority of tenants operate under triple net (NNN) lease agreements, providing stable income with limited landlord obligations. - The property’s existing vacancy presents an attractive opportunity for a new owner to unlock additional value. Leasing the available suites would increase occupancy, strengthen cash flow, and drive NOI growth while positioning the center for long-term stability and appreciation. - Strong residential community with an average household income of $77,827 within a 5-mile radius. South Pointe draws from a 15 mile radius making Sikeston a preferred shopping destination. (Next closest Walmart is over 24 miles away) - High visibility and centrally located within the main retail corridor, surrounded by numerous complimentary retailers. Plus, first signalized intersection on the South Main Street exit of US Route 60 (Busiest interchange in Sikeston - 40,000 VPD)

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$212 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

South Pointe Shopping Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

84

LAND DETAILS

LAND ACRES

7.14 AC

LAND SF

311,018 SF

ZONING

-

APN/PARCEL ID

01-9.2-031-00-000-0019.01

ASK ABOUT THIS PROPERTY

Jon England CCIM, SECNAI HeartlandMore Info
913-890-2002

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Jon England CCIM, SECNAI HeartlandMore Info
913-890-2002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.