6 Perryville BlvdPerryville, MO 63775

Property Details for 6 Perryville Blvd

Year built

2007

Lot size

2.70 AC

Property size (Sq ft)

10,416 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

11-6.0-024-002-005-008.04000

APU

9223372036854775807

Description

This exceptional investment opportunity presents a 10,445-square-foot, Class B retail property currently leased to a credit-rated tenant under an absolute triple-net (NNN) lease. Located at 6 S Perryville Blvd, Perryville, MO 63775, this single-tenant property boasts a prominent hard-corner location with excellent visibility and access at the intersection of Perryville Rd & St Joseph St, experiencing 24,700 vehicles per day. The lease, commencing October 8, 2007, and expiring October 31, 2032, offers a substantial remaining term of approximately 8 years. The property features 65 parking spaces and sits on a 2.69-acre lot. Built in 2007, the property generates a strong net operating income (NOI) of $252,000, resulting in an attractive 8.65% cap rate. The asking price is $2,913,000. Benefiting from its proximity to significant population centers, including St. Vincent High School (approximately 600 students), Perryville High School (approximately 750 students), Perry County Memorial Hospital (25 beds), and a large industrial park employing approximately 1,500 people, this property offers a compelling combination of strong tenant credit, long-term lease stability, and a desirable location. The property includes a drive-thru. No rent bumps are scheduled during the lease term. The lease includes ten, five-year options.

• CAP approach

  CAP return

  Valuation

  6%

  $2,952,286

  6.5%

  $2,725,188

  7%

  $2,530,531

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,258,649

  Geo Method

  $1,258,649

• Alternative Use

  Use

  Valuation

  Residential

  $2,725,188

  Hospitality

  $2,496,257

  Educational

  $2,076,857

  Medical

  $2,148,283

  Retail

  $3,230,666

Location Insight

City

Perryville

County

Perry

State

Missouri

Latitude

37.7264

Longitude

-89.885

Property Tax & Assessments

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