This property has sold.

Details: Retail

Asking Price: $1,112,000

Square Feet: 5,200 SF

Asking Cap Rate: 7.25%

Year Built: 2001

NOI: $80,591

SOLD – Moberly Strip Center

1625 N Morley St, Moberly, MO 65270

  • Stable income with the center being 100% leased
  • Minimal reimbursement slippage
  • 100% of GLA reimburses NNN
  • Located in the heart of Moberly’s primary retail corridor
  • N Moberly St is the most heavily traveled road in the market
  • AT&T franchisee is Prime Comm
  • Largest AT&T authorized retailer
  • Over 2,000 locations
  • Vapor Maven recently renewed
  • With a 41% rental increase
  • Vapor Maven is one of the largest vape operators in the country
  • 195 location
  • 10 states
  • Experienced Little Caesars franchisee
  • Over 30 locations
  • Less than 1 mile from the only Walmart within 27 miles
  • Each Tenant has renewal options with term through at least 2039
  • Each Tenant’s renewal options will yield 10% rental increases, providing organic NOI Growth
  • All HVAC units less than 10 years old

This property has sold.