608 W Business Loop 70 - Auto Dealership FOR SALE


Columbia, MO 65203
$2,471,000 USD
480-221-4221
608 W Business Loop 70, Columbia, MO for Sale
$2,471,000 USD
Auto Dealership - FOR SALE
1/10
null | 6.8% Cap Rate

608 W Business Loop 70
Columbia, MO 65203


HIGHLIGHTS

  • Approximately 7 Years Remaining | Options To Extend | Scheduled Rental Increases
  • NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Right Off US Highway 40 (35,700 VPD) | Excellent Visibility |Significant Street Frontage | Large Sign
  • Across From 276,000+ SF Shopping Center | Retail Corridor |Strong National/Credit Tenant Presence
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,471,000 USD

PRICE/SF

$336 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Byrider | 7yrs Remain NN w/ Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

M-C

APN/PARCEL ID

16-314-00-02-005-00-01

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.