2805 Truman BlvdJefferson City, MO 65109

Property Details for 2805 Truman Blvd

Year built

1971

Lot size

5.17 AC

Property size (Sq ft)

50,026 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

Exceptional investment opportunity: a 50,026 square foot Gerbes Grocery Store (a Kroger brand) in Jefferson City, Missouri. This absolute NNN net lease property boasts a 6.7% cap rate and a strong 9.4-year remaining lease term, expiring March 31, 2034. The property, situated on a 5.17-acre lot, includes two one-story buildings, 201 parking spaces, and 8 gas pumps. Extensive renovations completed in 2024, including a new fuel center and interior/exterior improvements, were entirely at the tenant's expense. The property features a corporate guarantee from Kroger, the largest grocery operator in the US, ensuring consistent income. The asking price is $4,500,000, representing a significant discount below replacement cost. The property's C-2 zoning and prime location in Cole County, at 2805 W Truman Blvd, Jefferson City, MO 65109, contribute to its strong investment potential. The lease commenced April 1, 1971, and features a rent-to-sales ratio of less than 1%. This passive investment opportunity offers significant long-term value and minimal landlord responsibilities. The property's NOI is $299,665. The lease includes options for a 4-5 year extension.

Location Insight

City

Jefferson City

County

Cole

State

Missouri

Latitude

38.594

Longitude

-92.2259

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