3162 Phoenix Center Dr - Freestanding FOR SALE


Washington, MO 63090
$6,975,000 USD
3162 Phoenix Center Dr, Washington, MO for Sale
$6,975,000 USD
Freestanding - FOR SALE
1/7
null | 7% Cap Rate

3162 Phoenix Center Dr
Washington, MO 63090


HIGHLIGHTS

  • LONG-TERM OPERATING HISTORY WITH RECENT EXTENSION
  • ESTABLISHED NATIONAL TENANT
  • HIGH CONCENTRATION OF STRONG-PERFORMING NATIONAL TENANTS
  • HIGH VISIBILITY & EASY ACCESS ALONG HIGHWAY 100

OVERVIEW

CBRE National Retail Partners – Midwest is pleased to present the opportunity to acquire 100% fee interest in a 40,000-square-foot Dick’s Sporting Goods, located in Washington, MO (“The Property”). Dick’s Sporting Goods has been a tenant at the center since 2015 and recently exercised its first option period, extending the term through January 2031. The Property is ideally situated as an anchor to Phoenix Center II, a 216,567-square-foot open-air power center anchored by national retailers such as Ross Dress for Less, Marshalls, Dollar Tree, PetSmart, and Ulta Beauty. Phoenix Center is a prominent retail destination along Washington’s primary corridor on Highway 100, which sees over 22,000 vehicles pass through daily and serves as a regional hub for Franklin County, drawing customers from a wide trade area and supporting a robust retail environment. Dick’s Sporting Goods is a leading American retailer specializing in sports equipment, apparel, footwear, and accessories, founded in 1948. Operating over 890 stores and with a strong e-commerce presence, the company offers a broad range of products and serves as a premier destination for athletes and fitness enthusiasts.

FOR SALE DETAILS

PRICE

$6,975,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dick's Sporting Goods

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

4.08 AC

LAND SF

177,725 SF

ZONING

C2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Michael KaiderCBRE, Inc.More Info

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Michael KaiderCBRE, Inc.More Info

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