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Byrider | 7yrs Remain NN w/ Increases 608 W Business Loop 70 7,344 SF Retail Building Columbia, MO 65203 $2,240,000 ($305.01/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Approximately 7 Years Remaining | Options To Extend | Scheduled Rental Increases
- Right Off US Highway 40 (35,700 VPD) | Excellent Visibility |Significant Street Frontage | Large Sign
- Strong Demographics In 5-Mile Trade Area
- NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Across From 276,000+ SF Shopping Center | Retail Corridor |Strong National/Credit Tenant Presence
EXECUTIVE SUMMARY
SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, Byrider investment property located in Columbia, Missouri. The tenant, COMO Auto Sales, Inc. has approximately 7 years remaining on its 10-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features variable rental increases in year 8 of the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Byrider is a leading buy-here-pay-here used car dealership, with over 140 locations across the United States.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,344 SF
Year Built
2010
Price
$2,240,000
Price Per SF
$305.01
Cap Rate
7.50%
NOI
$168,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.15 AC
Zoning
M-C - Controlled Industrial District
Parking
49 Spaces (6.67 Spaces per 1,000 SF Leased)
Frontage
151’ on Business Loop 70 West
AMENITIES
- Freeway Visibility
- Signage
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 16-314-00-02-005-00-01 | Improvements Assessment | $200,032 |
| Land Assessment | $79,968 | Total Assessment | $280,000 |
PROPERTY TAXES
Parcel Number
16-314-00-02-005-00-01
Land Assessment
$79,968
Improvements Assessment
$200,032
Total Assessment
$280,000
CONTACTS
-
Patrick Luther -
Matthew Mousavi -
Jake Prater -
Morgan Zant -
SRS National Net Lease
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Byrider | 7yrs Remain NN w/ Increases | 608 W Business Loop 70
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