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Shopping Strip

Mosaic Life Care | Dollar Tree | Value-Add Strip

1705-1709 E 9th St, Trenton, MO 64683

Listing Price: $800,000

Cap Rate
9.00%
Rentable SF
20,158
Lot Size
1.48 acres
Year Built
1972

Investment Overview

Marcus & Millichap, on behalf of ownership, is pleased to present for sale, Dollar Tree and Mosaic Life Care- Center, a 20,158-square-foot retail strip in Trenton, Missouri. The property is currently 74 percent occupied, which provides tangible upside via lease-up, and is shadowed by Hy-Vee, Trenton’s only major grocery store. Dollar Tree signed an initial five-year lease in 2013 and has (six) five-year options to extend. Currently, they have two-years left in their first option. Mosaic Life Care signed an initial five-year lease in 2014 and has (two) three-year options to extend. Currently, they have one-year left in their first option. Mosaic fully reimburses for common area maintenance, taxes, and insurance. Ownership benefits from an excellent tenant base, favorable lease structures, tangible upside, and a prime location. The subject property has excellent visibility long E 9th Street. Retailers in the immediate vicinity include McDonalds, Subway, Hardees, Sonic, local airport and more. Demographics in Trenton are stable and mature with population counts of 8,500 and average household income of $54,000. Trenton is the county seat of Grundy County, is an active city for agriculture, business, industry, service, and retail trade.

Investment Highlights

  • Mosaic Triple-Net Lease | Fully Reimbursed for Common Area Maintenance, Taxes, Insurance and Management Fee
  • Anchored by Town's Only Grocer, Hy-Vee
  • Value-Add Center; 5,348 Square Feet Available for Immediate Lease-Up
  • The Vacant Space was Completely Renovated by Davita Corporate Two-Years Ago and is Ideal for a New Medical Tenant to Make Use of the Modern Space
  • Dollar Tree, S&P BBB, A Fortune 500 Company, Annual Revenue $22 Billion
  • Mosaic Life Care is the Only Health-Care System in Missouri Apart of the #1 Ranked Hospital in the Nation, Mayo Clinic
  • E-Commerce and Pandemic Resistant Tenants; National and Regional Brands

Exclusively Listed By

Broker of Record

  • Brad Barham

    First Vice President Investments

    (314) 889-2500

    License(s) MO: 2013016939

    Missouri

Financing By

Shopping Strip

Mosaic Life Care | Dollar Tree | Value-Add Strip

Listing Price: $800,000

Cap Rate
9.00%
Rentable SF
20,158
Lot Size
1.48 acres
Year Built
1972

Investment Highlights

  • Mosaic Triple-Net Lease | Fully Reimbursed for Common Area Maintenance, Taxes, Insurance and Management Fee
  • Anchored by Town's Only Grocer, Hy-Vee
  • Value-Add Center; 5,348 Square Feet Available for Immediate Lease-Up
  • The Vacant Space was Completely Renovated by Davita Corporate Two-Years Ago and is Ideal for a New Medical Tenant to Make Use of the Modern Space
  • Dollar Tree, S&P BBB, A Fortune 500 Company, Annual Revenue $22 Billion
  • Mosaic Life Care is the Only Health-Care System in Missouri Apart of the #1 Ranked Hospital in the Nation, Mayo Clinic
  • E-Commerce and Pandemic Resistant Tenants; National and Regional Brands

Investment Overview

Marcus & Millichap, on behalf of ownership, is pleased to present for sale, Dollar Tree and Mosaic Life Care- Center, a 20,158-square-foot retail strip in Trenton, Missouri. The property is currently 74 percent occupied, which provides tangible upside via lease-up, and is shadowed by Hy-Vee, Trenton’s only major grocery store. Dollar Tree signed an initial five-year lease in 2013 and has (six) five-year options to extend. Currently, they have two-years left in their first option. Mosaic Life Care signed an initial five-year lease in 2014 and has (two) three-year options to extend. Currently, they have one-year left in their first option. Mosaic fully reimburses for common area maintenance, taxes, and insurance. Ownership benefits from an excellent tenant base, favorable lease structures, tangible upside, and a prime location. The subject property has excellent visibility long E 9th Street. Retailers in the immediate vicinity include McDonalds, Subway, Hardees, Sonic, local airport and more. Demographics in Trenton are stable and mature with population counts of 8,500 and average household income of $54,000. Trenton is the county seat of Grundy County, is an active city for agriculture, business, industry, service, and retail trade.

Exclusively Listed By

Broker of Record

  • Brad Barham

    First Vice President Investments

    (314) 889-2500

    License(s): MO: 2013016939

    Missouri

Financing By

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