23443 State Highway H - Retail FOR SALE


Kirksville, MO 63501
$1,390,000 USD
314-267-4408
23443 State Highway H, Kirksville, MO for Sale
$1,390,000 USD
Retail - FOR SALE
1/6
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23443 State Highway H
Kirksville, MO 63501


OVERVIEW

This is an exceptional opportunity to acquire MK Mart, a well-established Sinclair-branded gas station and convenience store located at 23443 State Route H, Kirksville, Missouri, situated on a prominent corner at Highway H and Highway 11. The property benefits from excellent visibility, convenient access, and traffic counts of approximately 12,000 vehicles per day. The station has demonstrated strong operating performance, with annual fuel sales reaching up to 456,000 gallons and 2025 inside store sales of approximately $816,000. The convenience store maintains a healthy gross margin of approximately 30%, reflecting solid profitability potential. The offering includes fee simple ownership of the real estate, consisting of approximately 226,948 square feet of land. In addition to the gas station and convenience store operation, the property includes seven apartment units, creating an additional rental income opportunity. The apartment mix consists of one 1-bedroom unit, one 4-bedroom unit, and five 2-bedroom units. The property also includes a bar/lounge space currently leased on a month-to-month basis, providing flexibility for a new owner to either continue leasing the space or potentially operate the bar themselves, subject to applicable licensing, approvals, and transfer requirements. Financially, the business shows consistent performance, with a reported 2025 EBITDA of approximately $222,200, supported by multiple income streams, including fuel sales, inside sales, gaming income, apartment rental income, and bar lease income. The fuel supply agreement with MFA Oil is currently in place and is scheduled to expire on March 31, 2030, providing the buyer with a clear timeline regarding the existing supply arrangement. This acquisition presents a stable investment opportunity with strong existing operations, diversified income streams, and multiple opportunities for continued growth in the Kirksville market.Asking Price: $1,390,000 Inventory and gasoline are not included in the asking price and shall be purchased separately at closing, in addition to the purchase price.

FOR SALE DETAILS

PRICE

$1,390,000 USD

PRICE/SF

$79 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

MK Mart

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.4 AC

LAND SF

235,040 SF

ZONING

-

APN/PARCEL ID

13-09.0-29-000-00-35.000000

ASK ABOUT THIS PROPERTY

Tony AlqamA&M Realty IncMore Info
314-267-4408

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Tony AlqamA&M Realty IncMore Info
314-267-4408

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