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Shopping Strip

Desloge Retail Center

405 N State St, Desloge, MO 63601

Listing Price: $2,351,000

Cap Rate
7.00%
Gross SF
10,075
Rentable SF
10,075
Price/Gross SF
$233.35
Lot Size
1.04 acres
Year Built
2003

Investment Overview

Desloge Retail Center is a 10,075-square-foot retail center that is shadow-anchored by a Walmart Supercenter in Desloge, Missouri. The building is currently 100 percent occupied, and all leases are triple-net. The center is anchored by Rent-A-Center and has a complementary mix of service-oriented tenants including Verizon, L&V Nails, and Cricket Wireless. Landlord states the Cricket Wireless franchisee (Gateway Wireless, LLC) has expressed this location is among their best in the region. Constructed in 2003, the property is situated on a 1.04-acre parcel. Desloge Retail Center is located between Highway 67 and Walmart Supercenter off North State Street with multiple ingress and egress points. Traffic counts along Highway 67 exceed 13,209 vehicles per day. The center is shadow-anchored by a high-traffic Walmart Supercenter, with more than 2.2 million visitors per year. Other neighboring national retailers include Dirt Cheap, McDonald's, Taco Bell, Burger King, Pizza Hut, Anytime Fitness, AutoZone Auto Parts, Dollar Tree, AT&T, Walgreens, O'Reilly Auto Parts, Metro by T-Mobile, The UPS Store, and many more. The average household income is $48,160 within one mile; $49,608 within three miles; and $55,382 within five miles. The population is 27,708 within a five-mile radius.

Investment Highlights

  • 10,075-Square-Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by a Walmart Supercenter | Major Traffic Driver to the Area with an Estimated 2.2 Million Visitors Annually (source: Placer Labs Inc.)
  • 100% Occupied | All Leases are Triple-Net | All Tenants Have Renewal Options
  • Strong Tenant Base Comprised Largely of National Retailers | Anchored by Rent-A-Center | Cricket Wireless Operator is One of the Largest Cricket Wireless Authorized Retailers in the Midwestern United States | Verizon Lease has a Personal Guaranty
  • Located Off North State Road Between Highway 67 and Walmart Supercenter | Multiple Ingress and Egress Points | Traffic Counts Exceed 13,209 Vehicles per Day

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Shopping Strip

Desloge Retail Center

Listing Price: $2,351,000

Cap Rate
7.00%
Gross SF
10,075
Rentable SF
10,075
Price/Gross SF
$233.35
Lot Size
1.04 acres
Year Built
2003

Investment Highlights

  • 10,075-Square-Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by a Walmart Supercenter | Major Traffic Driver to the Area with an Estimated 2.2 Million Visitors Annually (source: Placer Labs Inc.)
  • 100% Occupied | All Leases are Triple-Net | All Tenants Have Renewal Options
  • Strong Tenant Base Comprised Largely of National Retailers | Anchored by Rent-A-Center | Cricket Wireless Operator is One of the Largest Cricket Wireless Authorized Retailers in the Midwestern United States | Verizon Lease has a Personal Guaranty
  • Located Off North State Road Between Highway 67 and Walmart Supercenter | Multiple Ingress and Egress Points | Traffic Counts Exceed 13,209 Vehicles per Day

Investment Overview

Desloge Retail Center is a 10,075-square-foot retail center that is shadow-anchored by a Walmart Supercenter in Desloge, Missouri. The building is currently 100 percent occupied, and all leases are triple-net. The center is anchored by Rent-A-Center and has a complementary mix of service-oriented tenants including Verizon, L&V Nails, and Cricket Wireless. Landlord states the Cricket Wireless franchisee (Gateway Wireless, LLC) has expressed this location is among their best in the region. Constructed in 2003, the property is situated on a 1.04-acre parcel. Desloge Retail Center is located between Highway 67 and Walmart Supercenter off North State Street with multiple ingress and egress points. Traffic counts along Highway 67 exceed 13,209 vehicles per day. The center is shadow-anchored by a high-traffic Walmart Supercenter, with more than 2.2 million visitors per year. Other neighboring national retailers include Dirt Cheap, McDonald's, Taco Bell, Burger King, Pizza Hut, Anytime Fitness, AutoZone Auto Parts, Dollar Tree, AT&T, Walgreens, O'Reilly Auto Parts, Metro by T-Mobile, The UPS Store, and many more. The average household income is $48,160 within one mile; $49,608 within three miles; and $55,382 within five miles. The population is 27,708 within a five-mile radius.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

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