$502,500
$550,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
23,800 SqFt
SOLD DATE : 01/25/2022
Key Details
Sold Price $502,500
Property Type Commercial
Sub Type Commercial & Indr.
Listing Status Sold
Purchase Type For Sale
Square Footage 23,800 sqft
Price per Sqft $21
Subdivision Orscheln Farm And Home Center
MLS Listing ID 21040562
Sold Date 01/25/22
Construction Status 53
Year Built 1969
Building Age 53
Lot Size 1.600 Acres
Acres 1.6
Lot Dimensions 386' x 187', Irregular
Property Description
Orscheln Farm and Home's Lease has just been extended to May 31, 2029! This stable, four Tenant, 23,800 sf investment is 100% Leased & is anchored by a Orscheln Farm and Home store is priced to sell at 10.30%+/- Cap Rate! Orscheln Farm & Home Center has a regional customer draw with its access & visibility to & from the two major area highways, US 36 & Hwy 15. Recent roof repairs, new gutters & paint on the entire building. Neighboring business are C & R Market (grocery store), Dollar General, Salt River Community Care(which is a 120 bed skilled nursing facility), Shelbina License Bureau, gas stations, restaurants, and more! Orscheln Farm and Home occupies 20,600+/- sf & has been a Tenant for over 30 yrs., Edward Jones occupies 1,600 sf, American Family Ins. occupies 800 sf and the Cruse Law Firm, 800 sf. Orscheln has been operating 165+/- stores in eleven states and is being purchased by Tractor Supply, a large national retail chain. Financials are available upon request.
Location
State MO
County Shelby
Area Shelby County R-4
Zoning C-1, Commercial District
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Exterior
Utilities Available Electricity Available, Water Available, Sewer Available, Phone Available
Roof Type Metal, Pitched
Building
Sewer Public Sewer
Water Public
Structure Type Other
Construction Status 53
Others
Acceptable Financing Cash Only, Conventional, Other
Listing Terms Cash Only, Conventional, Other
Special Listing Condition None
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