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FirstStudent | Corporate Lease 1270 Locust St 4,800 SF 4-Star Industrial Building Boonville, MO 65233 $629,000 ($131.04/SF) 5.23% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Corporate Lease | Strong National Brand | Renewal Options
  • Excellent Accessibility & Visibility
  • Mission-Critical Facility
  • Proximity to Downtown Boonville & Key Community Anchors

EXECUTIVE SUMMARY

• Leased to First Student, a nationally recognized leader in K–12 student transportation with more than 545 locations and $2.65 billion in 2024 revenue
• The lease is backed by the corporate entity, offering strong credit quality and income stability for investors
• Includes 5 (1-Year) lease renewal options with a 5% rent increase at
the beginning of the first option, reinforcing long-term occupancy and predictable cash flow

PROPERTY FACTS

Price $629,000
Price Per SF $131.04
Sale Type Investment
Cap Rate 5.23%
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
Building Class B
Lot Size 4.83 AC
Rentable Building Area 4,800 SF
No. Stories 1
Year Built 2025
Tenancy Single
Parking Ratio 6.25/1,000 SF
No. Drive In / Grade-Level Doors 2
Zoning C-2 - Central Business District

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • FirstStudent
  • Transportation and Warehousing
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
FirstStudent Transportation and Warehousing 99,999 SF - Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-7.0-36-001-002-002.001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,160
  • Listing ID: 37167760

  • Date on Market: 8/7/2025

  • Last Updated:

  • Address: 1270 Locust St, Boonville, MO 65233

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