43 Prairie Dell Plz - Retail FOR SALE


Union, MO 63084
$1,325,000 USD
816-410-1036
43 Prairie Dell Plz, Union, MO for Sale
$1,325,000 USD
Retail - FOR SALE
1/2
null | 8.3% Cap Rate

43 Prairie Dell Plz
Union, MO 63084


HIGHLIGHTS

  • Social Security Anchored Strip Center | S.S.A. Occupies 75% OF GLA
  • Strong Historical Occupancy | 15.-Years On Site | 2.5-Years Remaining
  • S.S.A. Lease Guaranteed By The U.S. Government
  • Only Social Security Administration (SSA) Within 30-Mile Radius
  • $200,000+ Build-Out for SSA Office in 2012
  • 87% Occupied | Value - Add | Low Rent PSF

OVERVIEW

Marcus & Millichap is pleased to present the United States Social Security Administration anchored strip center located at 43 Prairie Dell Plaza in Union, Missouri. The subject property was built in 2002 and is comprised of approximately 9,600 square feet of rentable space on approximately 1.38-Acres of land. The center is currently 87% occupied and anchored by the Social Security Administration (7,200 SF), who has occupied the space since 2012 ($200,000+ build-out) and have recently exercised their 5-year renewal. The subject property, (S.S.A.), serves the Franklin County community as well as a handful of other surrounding counties. The closest S.S.A. office from the subject property is 30 miles. The Social Security Administration is owned and operated by the United States Government and has over 1,300 locations across the nation with a S&P Credit Rating of AA+. Union is a city in, and the county seat of Franklin County, Missouri which has a population count exceeding 105,000. It is located on the Bourbeuse River, 50-miles southwest of St. Louis. Franklin County is the largest geographic area in the St. Louis MSA and one of the largest counties in all of Missouri. The subject property is less than one-half mile from Interstate 50, Walmart Supercenter, East Central College (2,100 Annual Enrollment), Dollar Tree, and multiple other regional/national credit tenants

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

8.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prairie Dell Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

-

APN/PARCEL ID

17-7-360-0-018-040500

ASK ABOUT THIS PROPERTY

Brad DeerrMarcus & MillichapMore Info
816-410-1036

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Brad DeerrMarcus & MillichapMore Info
816-410-1036

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