For Sale
$4,589,928

11118 Memorial Dr Union, MO 63084

High-yield NNN retail investment. 6.95% CAP rate.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 14,490-square-foot convenience store located at 11118 S Memorial Drive, Union, Missouri, 63084. The property boasts a strong 6.95% cap rate and is offered at $4,589,928, translating to $344.29 per square foot. Built in 2003, this single-tenant, net-leased (NNN) property sits on a 1.7-acre lot in a commercially zoned (CS, Commercial District) area. The building enjoys 100% occupancy with a lease term of 53 years and 3 months remaining (with several options for early cancellation, terms to be verified). The convenient location includes a drive-through lane and a signalized hard corner, maximizing visibility and accessibility. Ample parking is provided with 79 spaces, a ratio of 5.45 spaces per 1,000 square feet. This is a prime opportunity for investors seeking a stable, high-return retail investment in a desirable location. The property's strong tenant, location, and lease terms make it an attractive addition to any portfolio. Further details regarding lease terms are available upon request.

Highlights

  • $4,589,928 asking price, representing $344.29 per square foot.
  • Retail property, 14,490 square feet.
  • Commercially zoned (CS) in Union, Missouri.
  • Single-tenant, 100% occupied convenience store.
  • 79 parking spaces (5.45/1,000 SF ratio).

Property Details for 11118 Memorial Dr

Property type
Retail properties, Grocery and convenience stores
Square Feet
14,490 SF
Year Built
2003
Lot Size (sq. ft)
74,052 SF

Location Insight

City
Union
County
Franklin
State
Missouri
Latitude
38.4176258
Longitude
-91.0011902

FAQs

What type of property is this?
Retail property - High-yield NNN retail investment. 6.95% CAP rate.
Where is the retail property located?
The property is located at 11118 Memorial Dr Union, MO.
What is the asking price?
The asking price for this property is $4,589,928.
What are key features of this property?
This property features: $4,589,928 asking price, representing $344.29 per square foot.; Retail property, 14,490 square feet.; Commercially zoned (CS) in Union, Missouri.
How can I contact the broker?
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11118 Memorial Dr
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