412 N State St
Desloge, MO 63601 ·
1,944 SF · Retail For Sale
Long-Term NNN Taco Bell - 230+ Store Franchisee
|Price||N/A||Property Use Type||Net Lease Investment with 10+ years left on lease|
|Building Size||1,944 SF||Cap Rate||6.75%|
|Property Sub-type||Free Standing Bldg||Lot Size||0.50 AC|
|Listing ID: 17915196||Date Created: 11/14/2012||Last Updated: 06/17/2013|
CB Richard Ellis|Oklahoma has been exclusively retained to market for sale
this absolute NNN retail property leased to K-Mac Enterprises, Inc. on a long term lease. The property is approximately 1,944 square feet and is located at
the intersection of US Highway 8 and N. State Street.
A Walmart Supercomputer is located across the street of the property to the west, along US Highway 8. The site is also next to McDonald's, Burger King, Pizza Hut and Jack in the Box.
- Adjacent to Wal-Mart Supercenter.
- Leased to K-Mac Enterprises, Inc. Founded in 1964, K-Mac now owns over 230 restaurants across three different brands.
- Long term lease: 11 years remaining on initial term.
- Absolute NNN: tenant is responsible for all repairs and improvements.
- Attractive annual rental increases.
- Four, five-year renewal options, under the same terms and conditions of the original lease term.
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