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Steak n Shake 3004 Clark Ln 3,370 SF Retail Building Columbia, MO 65202 $1,875,000 ($556.38/SF) 6.31% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate-guaranteed NNN lease with zero landlord responsibilities
- Minutes from the University of Missouri (Mizzou)
- Prime corner location just off Highway 70 on/off ramp
- 3,370 SF building on a 0.91-acre lot with strong visibility Ask ChatGPT
EXECUTIVE SUMMARY
This offering features a corporate-guaranteed Steak 'n Shake under a NNN lease, providing land and building ownership with zero landlord responsibilities. The property is ideally situated just off Highway 70 at a high-traffic corner near the on/off ramp, ensuring excellent visibility and access. Located in close proximity to the University of Missouri (Mizzou), the site benefits from strong local and student traffic. The building comprises 3,370 square feet on a 0.91-acre lot.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,370 SF
Building Class
B
Year Built
1997
Price
$1,875,000
Price Per SF
$556.38
Cap Rate
6.31%
NOI
$118,313
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.91 AC
Opportunity Zone
Yes
Zoning
C3 - Commercial
Frontage
232’ on Clark Ln
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17-116-00-10-001-00-01 | Improvements Assessment | $117,792 |
| Land Assessment | $58,336 | Total Assessment | $176,128 |
PROPERTY TAXES
Parcel Number
17-116-00-10-001-00-01
Land Assessment
$58,336
Improvements Assessment
$117,792
Total Assessment
$176,128
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Steak n Shake | 3004 Clark Ln
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