For Sale
$3,725,000

1050 Bishop Ave Rolla, MO 65401

High-traffic retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fee-simple interest in a thriving 84,170 square-foot shopping center located at 1050 S Bishop Ave, Rolla, MO 65401. The property boasts a prime location on Highway 63 (S Bishop Ave), a major thoroughfare with over 17,942 vehicles per day, ensuring exceptional visibility and accessibility. Currently 100% occupied by a strong tenant mix including Planet Fitness, JCPenney, and Bealls, this center provides a stable and reliable income stream. The asking price is $3,725,000, representing a 9.50% capitalization rate and a Net Operating Income (NOI) of $354,039. Built in 1974, the center benefits from its strategic location near other major retailers such as Hobby Lobby, Harbor Freight Tools, and Big Lots, and less than a mile from a Walmart Supercenter. This property offers an excellent opportunity for investors seeking a stable, high-performing retail investment in a growing market. The center's prominent signage and clear visibility from S Bishop Ave guarantee high exposure for its tenants. The strong tenant base, including nationally recognized brands, ensures a consistent and predictable revenue stream. This is a rare opportunity to acquire a fully leased, high-performing retail property in a desirable location. The property is zoned commercial and offers significant potential for long-term growth and appreciation.

Property Details for 1050 Bishop Ave

Property type
Lifestyle centers, Power centers

Location Insight

City
Rolla
County
Phelps
State
Missouri
Latitude
37.928586
Longitude
-91.7809567

FAQs

What type of property is this?
Lifestyle center - High-traffic retail center, 100% occupied.
Where is the lifestyle center located?
The property is located at 1050 Bishop Ave Rolla, MO.
What is the asking price?
The asking price for this property is $3,725,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1050 Bishop Ave
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