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Shopping Strip

Walgreens Center

6 E Springfield Rd, Sullivan, MO 63080

Listing Price: $2,850,000

Cap Rate
7.66%
Gross SF
15,682
Rentable SF
15,682
Price/Gross SF
$181.74
Lot Size
1.55 acres
Year Built
1989

Investment Overview

Marcus & Millichap is pleased to present a 15,682 square-foot retail center located in the heart of Sullivan Missouri. The property is anchored by a corporate backed Walgreens with a drive-through and has a long term operating history. With a current NOI of approximately $211,820, there is a very good value-add opportunity for any investor with the one vacancy.

Investment Highlights

  • Five-Year Double-Net (NN) Lease with Minimal Landlord Responsibilities
  • Ten, Five-Year Options with Corporate Guarantee
  • Close Proximity to Other Strong Retailers
  • Value Add Opportunity with Vacant Space

Exclusively Listed By

Shopping Strip

Walgreens Center

Listing Price: $2,850,000

Cap Rate
7.66%
Gross SF
15,682
Rentable SF
15,682
Price/Gross SF
$181.74
Lot Size
1.55 acres
Year Built
1989

Investment Highlights

  • Five-Year Double-Net (NN) Lease with Minimal Landlord Responsibilities
  • Ten, Five-Year Options with Corporate Guarantee
  • Close Proximity to Other Strong Retailers
  • Value Add Opportunity with Vacant Space

Investment Overview

Marcus & Millichap is pleased to present a 15,682 square-foot retail center located in the heart of Sullivan Missouri. The property is anchored by a corporate backed Walgreens with a drive-through and has a long term operating history. With a current NOI of approximately $211,820, there is a very good value-add opportunity for any investor with the one vacancy.

Exclusively Listed By

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