For Sale
$4,532,374

Old Highway 50 Union, MO 63084

Profitable NNN Lease, 6.95% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a 14,859-square-foot convenience store located at 807 US Hwy 50 E in Union, Missouri (63084). The property sits on a 1.49-acre lot at the northwest corner of Hwy 47 & Hwy 50, boasting an excellent location and a drive-through lane. Currently 100% occupied under a NNN lease with approximately 57 years remaining, offering a substantial 6.95% cap rate and an annual income of $315,000. The building, constructed in 2006, is zoned B-2, HWY Business Dis., and provides ample parking (3.37 spaces per 1,000 sq ft). The asking price is $4,532,374, translating to $333.72 per square foot. A potential 13-year lease extension is available. The current lease includes a cancellation option in August 2031, however, the owner is currently in negotiations to modify this option. Store sales volume is strong. This is a turnkey investment with significant long-term potential. Further details are available upon request.

Highlights

  • NNN investment opportunity.
  • 6.95% cap rate.
  • $315,000 annual income.
  • 100% leased.
  • Approximately 57 years remaining on lease, with potential for extension and lease cancellation option under negotiation.
  • Strong store sales volume.

Property Details for 0 Old Highway 50

Property type
Retail properties, Grocery and convenience stores
Square Feet
14,859 SF
Year Built
2006
Lot Size (sq. ft)
64,904 SF

Location Insight

City
Union
County
Franklin
State
Missouri
Latitude
38.4366291
Longitude
-90.9661355

FAQs

What type of property is this?
Retail property - Profitable NNN Lease, 6.95% Cap Rate
Where is the retail property located?
The property is located at Old Highway 50 Union, MO.
What is the asking price?
The asking price for this property is $4,532,374.
What are key features of this property?
This property features: NNN investment opportunity.; 6.95% cap rate.; $315,000 annual income.
How can I contact the broker?
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0 Old Highway 50
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