725-741 W Springfield Ave - Freestanding FOR SALE
Gerald, MO 63037 |
$1,630,000 USD
725-741 W Springfield Ave
Gerald, MO 63037
HIGHLIGHTS
- Value-Add Opportunity: Immediate Opportunity to Increase NOI With Lease-up of up to 3,000 SF
- Strong Tenant Mix Which Have Been in the Center for 10+ Years
- Tenants Include Citizens Bank, Medley Pharmacy, Gerald Dental, Retro Bob's Antique and Mercy Clinic - Family Med
- Development Land, Large 5.8 Acre Site Includes Commercially Zoned Excess Ground Available for Development
- Ample Parking Lot & Dual Point to Entry to Accommodate Various Tenant Customers
- Subject Property is Situated Directly Across Gerald Elementary School, Surrounding Western Franklin and Eastern Gasconade Counties
OVERVIEW
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a 20,000-square-foot, fully occupied, multi-tenant plaza in Gerald, MO. This strategically located asset with essential needs-based tenants provides an extremely stable and consistent cash flows for investors.
Broker of Record - Brian Brockman - (513) 898-1551 - Bang Realty-Missouri Inc - MO#2017032771
FOR SALE DETAILS
PRICE
$1,630,000 USD
PRICE/SF
$84 USD /SF
CAP RATE
7.43%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Gerald Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront, Storefront Retail/Office, Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
5.44 AC
LAND SF
237,120 SF
ZONING
-
APN/PARCEL ID
25-1-110-3-099-001000,25-1-110-3-099-001300
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