408 Brothers AveFestus, MO 63028

Property Details for 408 Brothers Ave

Year built

2021

Lot size

0.54 AC

Property size (Sq ft)

4,654 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 4,654 square foot, single-tenant storefront in Festus, Missouri. The property, built in 2021, is a Total Access Urgent Care facility boasting a strong financial performance and a prime location on Veterans Boulevard (26,500 cars per day), a major retail corridor. The 20-year lease, with 15 years remaining, includes a 10% rent increase every five years, ensuring consistent income growth. The property sits on a 0.54-acre lot and benefits from its proximity to Interstate 55 (47,000 cars per day), enhancing accessibility. This top-performing location (within the top 12% of the chain based on customer traffic) features substantial on-site medical equipment, including x-ray, CT imaging, ultrasound, and lab testing, representing a significant capital investment. The surrounding area includes numerous national retailers such as Walmart, Home Depot, Lowe's, and many others, creating a synergistic retail environment. The current Net Operating Income (NOI) is $202,639, resulting in a 6.65% cap rate. The asking price is $3,047,000. This is a rare opportunity to acquire a high-performing, long-term leased asset in a thriving retail market. The lease commenced December 1, 2019, and expires November 30, 2039.

Location Insight

City

Festus

County

Jefferson

State

Missouri

Latitude

38.2126

Longitude

-90.3966

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