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Dry Good

Orscheln Farm & Home | 12 Year NNN

2401 E Marvel Rd, Nevada, MO 64772

Listing Price: $3,326,000

Cap Rate
5.65%
Tenant Name
Orscheln Farm & Home
Years Remaining On Lease
12.4
Guarantor
Corporate Guarantee
Rentable SF
45,905
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$4.09

Investment Overview

Marcus and Millichap is pleased to offer for sale a 45,506-square foot free-standing retail building located in Nevada, Missouri, occupied by Orscheln Farm & Home. The property sits on 5.31 acres and was originally developed for Walmart in 1990. Orscheln Farm & Home has occupied the property since 2004 and recently extended their lease to 2034 excess parking provides for a potential out lot. Landlord responsibility is limited to structure. The base rent increases 7.5 percent every five years, including the four additional, five-year renewal option terms. The subject property benefits from being well-positioned in a dense retail corridor across from Walmart and near the I-49 interchange. Major national tenants include: Walmart, Sutherlands HomeBase, Dollar Tree, Auto Zone, Sonic, as well as many others. Additionally, 3M has a significant manufacturing plant across the street from this property that has been there since 1971.

Investment Highlights

  • NNN Lease (LL-Structure Only)
  • Potential Out Lot for QSR with Drive-Thru
  • Dominant farm Store Retailer in Missouri
  • Second Largest Farm Store Retailer
  • Pending Acquisition by Tractor Supply Company
  • 7.5 Percent Rent Increases Every Five Years

Exclusively Listed By

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Dry Good

Orscheln Farm & Home | 12 Year NNN

Listing Price: $3,326,000

Cap Rate
5.65%
Tenant Name
Orscheln Farm & Home
Years Remaining On Lease
12.4
Guarantor
Corporate Guarantee
Rentable SF
45,905
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$4.09

Investment Highlights

  • NNN Lease (LL-Structure Only)
  • Potential Out Lot for QSR with Drive-Thru
  • Dominant farm Store Retailer in Missouri
  • Second Largest Farm Store Retailer
  • Pending Acquisition by Tractor Supply Company
  • 7.5 Percent Rent Increases Every Five Years

Investment Overview

Marcus and Millichap is pleased to offer for sale a 45,506-square foot free-standing retail building located in Nevada, Missouri, occupied by Orscheln Farm & Home. The property sits on 5.31 acres and was originally developed for Walmart in 1990. Orscheln Farm & Home has occupied the property since 2004 and recently extended their lease to 2034 excess parking provides for a potential out lot. Landlord responsibility is limited to structure. The base rent increases 7.5 percent every five years, including the four additional, five-year renewal option terms. The subject property benefits from being well-positioned in a dense retail corridor across from Walmart and near the I-49 interchange. Major national tenants include: Walmart, Sutherlands HomeBase, Dollar Tree, Auto Zone, Sonic, as well as many others. Additionally, 3M has a significant manufacturing plant across the street from this property that has been there since 1971.

Exclusively Listed By

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

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