1495 State Highway 248Branson, MO 65616

Property Details for 1495 State Highway 248

Year built

2000

Lot size

1.68 AC

Property size (Sq ft)

24,698 SF

Property type

Retail space

APN

08-9.0-30-000-000-065.001

APU

89030000000065001

Description

This exceptional investment opportunity presents a 31,956 square foot retail property situated on a 1.68-acre lot in Branson, Missouri. The property is strategically located at 1495 State Hwy 248, offering high visibility and accessibility. Currently, a portion of the space (23,427 square feet) is occupied by Harbor Freight under a NNN lease expiring March 31, 2028, leaving 8,526 square feet vacant. The property boasts 73 parking spaces, ensuring ample convenience for customers and employees. The projected Net Operating Income (NOI) for 2023 is $135,585. This single-tenant storefront property is zoned for commercial use and benefits from its location near other prominent retailers, including Hobby Lobby, Country Mart, McDonald's, Culver's, and V.A. Medical Center, creating a synergistic retail environment. The lease commenced on June 28, 2018, and has approximately 3.4 years remaining. The asking price for this prime retail center is $3,000,000. The property's location in a high-traffic area, combined with the existing lease and significant vacant space, presents a compelling opportunity for investors seeking strong returns and potential for future growth. The property's parcel number is 08-9.0-30-000-000-065.001. The current occupancy rate is 72%.

• CAP approach

  CAP return

  Valuation

  6%

  $5,365,543

  6.5%

  $4,952,809

  7%

  $4,599,037

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,451,953

  Geo Method

  $4,451,953

• Alternative Use

  Use

  Valuation

  Residential

  $4,177,880

  Hospitality

  $3,826,915

  Educational

  $3,183,948

  Medical

  $3,293,450

  Retail

  $4,952,809

Location Insight

City

Branson

County

Taney

State

Missouri

Latitude

36.6637

Longitude

-93.2444

CBSA code

14700

CBSA name

BRANSON, MO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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