1237 N Truman Blvd - Office FOR SALE


Crystal City, MO 63019
$1,629,000 USD
323-609-4405
1237 N Truman Blvd, Crystal City, MO for Sale
$1,629,000 USD
Office - FOR SALE
1/4
null | 8.21% Cap Rate

1237 N Truman Blvd
Crystal City, MO 63019


HIGHLIGHTS

  • MORE THAN 6 YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF N TRUMAN BLVD | LOCATED ALONG MAJOR THOROUGHFARE
  • STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA | HIGH BARRIERS TO ENTRY SUBMARKET
  • LIMITED LANDLORD RESPONSIBILITIES | LOW-MANAGEMENT

OVERVIEW

TWG is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, Jones Animal Health Clinic investment property located in Crystal City, Missouri. The Tenant, CareVet, has over 6 years remaining in their initial term with four 5-year options to extend. The lease features annual rental increases of 2%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 2018, CareVet is an established network of veterinary hospitals with over 100 practices across 30 states. CareVet recently announced that they are investing $75 million in its facilities in the next five years. Jones Animal Health Clinic is strategically located on N Truman Boulevard. The site benefits from superior visibility via significant street frontage and a monument sign situated along N Truman Boulevard. It shares the Crystal City area with businesses like Dollar Tree, Marathon and Casey’s. The location benefits from the frequent street traffic of N Truman Boulevard, which sees 12,886 vehicles daily. The 5-mile trade area is supported by a population of 35,671 and 11,685 daytime employees with an average household income of $94,385.

FOR SALE DETAILS

PRICE

$1,629,000 USD

PRICE/SF

$272 USD /SF

CAP RATE

8.21%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jones Animal Health Clinic | NNN | 6 Years

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,496 SF

ZONING

-

APN/PARCEL ID

10-9.0-31.0-4-002-010

ASK ABOUT THIS PROPERTY

Brian WineTWGREMore Info
323-609-4405

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Brian WineTWGREMore Info
323-609-4405

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