689-699 S Monroe St - Retail FOR SALE


Lebanon, MO 65536
$2,850,000 USD
417-887-8826
689-699 S Monroe St, Lebanon, MO for Sale
$2,850,000 USD
Retail - FOR SALE
1/20
null | 9.98% 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, 10% cap)
  • Positioned along established retail corridor.

OVERVIEW

This 55,000 SF strip center is offered for sale at $2,850,000 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. Excluding El Charro, tenant is an entity of the building's current owner. The structure offers immediate cash flow with defined escalation and term stability.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$52 USD /SF

CAP RATE

9.98%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Income Producing Property - Price Reduction!

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.