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Pizza Hut 600 E Highway 22 3,263 SF Retail Building Centralia, MO 65240 $625,000 ($191.54/SF) 7% Cap Rate
Investment Highlights
- 11+ Years Remaining | Options To Extend | 1.50% Annual Rental Increases
- Strong Frontage On MO-22 | Primary Retail Corridor | Limited Competition | Strong Tenant Synergy
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Proximity To Hubbell Plastics Centralia Campus (800 Employees)
Executive Summary
• Over 11 years of remaining primary term with four (4) 5-year renewal options
• 1.50% annual rental increases throughout the primary term and option periods support NOI growth and provide a built-in hedge against inflation
• 1.50% annual rental increases throughout the primary term and option periods support NOI growth and provide a built-in hedge against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,263 SF
Building Class
C
Year Built
1987
Price
$625,000
Price Per SF
$191.54
Cap Rate
7%
NOI
$43,719
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.51 AC
Zoning
B-2 - Highway Business District
Parking
75 Spaces (22.98 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $56,224 | |
| Land Assessment | $21,289 | Total Assessment | $77,513 |
Property Taxes
Parcel Numbers
Land Assessment
$21,289
Improvements Assessment
$56,224
Total Assessment
$77,513
Contacts
-
William Donlon -
Michael Grunberg -
Nick Santagata -
Morgan Zant -
SRS National Net Lease
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