2321 N Baltimore St - Fast Food FOR SALE


Kirksville, MO 63501
$2,347,826 USD
781-776-4006
2321 N Baltimore St, Kirksville, MO for Sale
$2,347,826 USD
Fast Food - FOR SALE
1/9
null | 5.75% Cap Rate

2321 N Baltimore St
Kirksville, MO 63501


HIGHLIGHTS

  • Long-Term Sale Leaseback
  • Attractive Rent Increases
  • Zero Landlord Responsibilities
  • Strong Operator
  • Strategic Retail Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of a single tenant Wendy’s investment property located at 2221 North Baltimore Street in Kirksville, Missouri (the “Property”). The Property consists of a single-story, 2,296 square-foot building with a drive-thru on 0.94 acres. Wendy’s will sign a new 20-year Absolute NNN Lease with six (6), 5-year renewal options at the close of escrow. The lease features attractive 10% rent increases every five years throughout the primary lease and at the start of each renewal option. Wendy’s is well-positioned along North Baltimore Street (US Highway 63), the primary retail and commuter route serving Kirksville and the surrounding region. The Property benefits from its placement within a highly concentrated retail corridor anchored by Walmart Supercenter, Home Depot, ALDI, Hobby Lobby, and Walgreens, which generate steady traffic and customer activity. In addition to its strong retail setting, the site is located just minutes from Northeast Regional Medical Center, Truman State University, and A.T. Still University, providing a reliable and diverse customer base of residents, professionals, and students. Nearby residential neighborhoods and schools further enhance local demand, while the property’s accessibility and visibility along US Highway 63 ensure excellent connectivity throughout north-central Missouri. Recreational amenities such as Thousand Hills State Park and cultural offerings in Kirksville’s historic downtown add to the city’s consistent draw.

FOR SALE DETAILS

PRICE

$2,347,826 USD

PRICE/SF

$1,023 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

-

APN/PARCEL ID

08-08.0-33-003-01-03.004

ASK ABOUT THIS PROPERTY

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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