689-699 S Monroe St - Retail FOR SALE


Lebanon, MO 65536
$3,000,000 USD
417-887-8826
689-699 S Monroe St, Lebanon, MO for Sale
$3,000,000 USD
Retail - FOR SALE
1/20
null | 9.48% Cap Rate

689-699 S Monroe St
Lebanon, MO 65536


HIGHLIGHTS

  • El Charro restaurant occupying 3,848 SF.
  • Seller leaseback at $20,500/month base plus El Charro $3,200/month.
  • ($246,000 annual plus El Charro $38,400 annual; $284,400, 9.5% cap)
  • Positioned along established retail corridor.

OVERVIEW

This 55,000 SF strip center is offered for sale at $3,000,000 and provides stable in-place income with contractual growth. El Charro occupies 3,848 SF and will remain, while the seller intends to execute a sale-leaseback on the remaining space at $20,500 per month base rent plus the income from the existing tenant, with a 3-year minimum term and 2% annual increases in base rent. The structure offers immediate cash flow with defined escalation and term stability.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$55 USD /SF

CAP RATE

9.48%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

C-1

APN/PARCEL ID

131011004007003001

ASK ABOUT THIS PROPERTY

Jeff ChildsSVN | Rankin Company, LLCMore Info
417-887-8826

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Jeff ChildsSVN | Rankin Company, LLCMore Info
417-887-8826

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