This property is Off-Market
1900 Cardinal Drive
Fulton, MO 65251 ·
1,126,040 SF · Industrial For Sale
Dollar General Warehouse Distribution Facility
|Building Size||1,126,040 SF||Tenancy||Single|
|Property Type||Industrial||Year Built||1999|
|Property Sub-type||Distribution Warehouse||Clear Ceiling Height||36 ft.|
|Property Use Type||Net Lease Investment with 10+ years left on lease||No. Dock-High Doors/Loading||152|
|Cap Rate||8.62%||Lot Size||266 AC|
|Listing ID: 15719309||Date Created: 05/19/2008||Last Updated: 12/31/2010|
1,126,036 square feet, with expansion capabilities, located on 266 acres in M-1 zone. Concrete slab-on-grade construction with load bearing tilt up concrete panel walls and additional steel columns. Open joist roof framing and 36' clear ceiling height. 152 exterior loading docks with 508 surface parking spaces. Existing lease term runs through 6/30/2022 approximately 12.5 years with five (5) five (5) year options at 100% of fair market value. Lease is Bond Type NNN with absolutely no landlord responsibilities. Rent is flat at $ 4,136,321 for primary term.
Fulton is centrally located between Kansas City and St. Louis, 4 miles off Interstate 70 on U.S. Highway 54. Fulton is part of the Mid Missouri Triangle with Jefferson City 20 miles to the South and Columbia 20 miles to the West. Fulton serves as the county seat for the Kingdom of Callaway County.
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