895-975 W College St - Storefront FOR SALE
Marshall, MO 65340 |
$9,400,000 USD
513-325-8682
895-975 W College St
Marshall, MO 65340
HIGHLIGHTS
- Features a tenant mix of national retailers including ALDI, Marshalls (TJX), Harbor Freight Tools, Dollar General, and Sherwin-Williams.
- Multiple tenants have occupied the site for several decades: Dollar General (1973), Sherwin- Williams (1978), Subway (1990), an d ALDI (2008).
- Ownership has secured over 51,000SF of leasing activity since 2023, including new 10-year terms for Marshalls (21,789 SF) and Shoe Sensation (6,667SF)
- The asset features a 6.63% in-place cap rate with a projected 8.16% pro-forma yield upon execution of a pending lease with Five Below.
- Basis & Replacement Cost: Offered at $75/SF, positioned below current replacement cost.
- Average in-place rents of $7.92/SF are approximately 25% below the Marshall market average of $10.60/SF.
FOR SALE DETAILS
PRICE
$9,400,000 USD
PRICE/SF
$80 USD /SF
CAP RATE
6.66%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Marshall Plaza
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1983
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
13.3 AC
LAND SF
579,348 SF
ZONING
-
APN/PARCEL ID
030017-501503-003-002000
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513-325-8682
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513-325-8682
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