1422 1st St - Office/Residential FOR SALE


Kennett, MO 63857
$613,000 USD
312-614-4521
1422 1st St, Kennett, MO for Sale
$613,000 USD
Office/Residential - FOR SALE
1/4
null | 9.19% Cap Rate

1422 1st St
Kennett, MO 63857


HIGHLIGHTS

  • Offered at a 9.19% CAP Rate, this Triple Net (NNN) site offers stable cash flow and a low price point to investors.
  • TitleMax operates over 1,000 retail locations, providing title-secured loans and personal loans across 13 states.
  • Situated adjacent to Walmart on 1st Street, the major thoroughfare running through Kennett and the southeastern Missouri region.
  • The current 8-year lease expires 03/01/2029 with 4, 1-year options to renew.
  • The corporately guaranteed lease features 2% annual rental increases, allowing investors to increase cash flow.
  • Nearby Retailers: Walmart, Wendy's, O'Reilly Auto Parts, Taco Bell, McDonald's, Sonic, Dairy Queen.

OVERVIEW

We are pleased to exclusively offer for sale the 2,224 SF TitleMax located at 1422 1st Street in Kennett, MO. This investment offers stable cash flow through a Triple Net (NNN) Lease to TitleMax, a nationally recognized lender operating more than 1,000 locations across 13 states. Priced at an attractive 9.19% CAP Rate, the property features built-in 2% annual rent increases, a long-term lease with renewal options, and below-market rent that provides an appealing entry point for investors. In Cooperation With ParaSell, Inc., A Licensed Missouri Broker - Lic. #2019035835 BoR: Scott Reid - Lic. MO #2019024102

FOR SALE DETAILS

PRICE

$613,000 USD

PRICE/SF

$229 USD /SF

CAP RATE

9.19%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Title Max - Kennett, MO

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Bank, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

13-07.0-36-004-08-011.001.000

ASK ABOUT THIS PROPERTY

Henry MikulaSands Investment GroupMore Info
312-614-4521

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Henry MikulaSands Investment GroupMore Info
312-614-4521

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