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1422 1st St
Kennett, MO 63857
Title Max - Kennett, MO · Office Property For Sale
Investment Highlights
- Offered at a 9.19% CAP Rate, this Triple Net (NNN) site offers stable cash flow and a low price point to investors.
- Situated adjacent to Walmart on 1st Street, the major thoroughfare running through Kennett and the southeastern Missouri region.
- The corporately guaranteed lease features 2% annual rental increases, allowing investors to increase cash flow.
- TitleMax operates over 1,000 retail locations, providing title-secured loans and personal loans across 13 states.
- The current 8-year lease expires 03/01/2029 with 4, 1-year options to renew.
- Nearby Retailers: Walmart, Wendy's, O'Reilly Auto Parts, Taco Bell, McDonald's, Sonic, Dairy Queen.
Executive Summary
We are pleased to exclusively offer for sale the 2,224 SF TitleMax located at 1422 1st Street in Kennett, MO. This investment offers stable cash flow through a Triple Net (NNN) Lease to TitleMax, a nationally recognized lender operating more than 1,000 locations across 13 states. Priced at an attractive 9.19% CAP Rate, the property features built-in 2% annual rent increases, a long-term lease with renewal options, and below-market rent that provides an appealing entry point for investors.
In Cooperation With ParaSell, Inc., A Licensed Missouri Broker - Lic. #2019035835 BoR: Scott Reid - Lic. MO #2019024102
In Cooperation With ParaSell, Inc., A Licensed Missouri Broker - Lic. #2019035835 BoR: Scott Reid - Lic. MO #2019024102
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
2,224 SF
Building Class
C
Year Built
1989
Price
$613,000
Price Per SF
$275.63
Cap Rate
9.19%
NOI
$56,308
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,224 SF
Opportunity Zone
Yes
Property Taxes
| Parcel Number | 13-07.0-36-004-08-011.001.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $17,020 |
Property Taxes
Parcel Number
13-07.0-36-004-08-011.001.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$17,020
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