Grocery and Convenience Store
For Sale
$799,000
11891 Mine Road, Sullivan, MO 63080
Operating country store with restaurant service, deli and kitchen equipment, plus land parcels within a gated recreational community.
Property Size3,900 SF
Lot Size4.98 Acres
Days on Market30
Property Features for 11891 Mine Road
General Information
Standard status
Active
Size
3,900 SF
Lot size
4.98 Acres
Property subtype
Commercial
Financials
Asking Price
$799,000
Business Included
Yes
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,204
Amenities
Olympic-sized swimming pool
community clubhouse
ATV trails
fishing lakes
Building Details
Building Size
3,900 SF
Year Built
2008
Buildings
1
Stories
1
Listing Agency:
Compass Real Estate Group, LLC
(314) 965-6805
Listed By:
Rosanne Horan
(314) 965-6805
Source:
Exit2newbeginningz
Added: Aug 1
Changed: Aug 28
Last Checked: Aug 29 at 10:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Real Estate Group, LLC
Investment Insights
Based on property information with market context.
This offering combines an operating country store with restaurant and deli service, a full kitchen, convenience merchandise, groceries, ice, camping supplies, and an outdoor beer garden. The property also supports sales of steel buildings, RV carports, and weather-resistant shelters. Built in 2008, the store is situated at 11891 Mine Road and serves access points both within Woodland Lakes and along Mine Road.
The package includes 4.98 acres across seven commercial parcels and three residential lots in the gated Woodland Lakes community. Community amenities include an Olympic-sized swimming pool, clubhouse, ATV trails, and 13 stocked fishing lakes, including 60-acre Crystal Lake. The property is located 1.5 hours from St. Louis and near Meramec State Park, Onondaga Cave State Park, and Mark Twain National Forest.
The package includes 4.98 acres across seven commercial parcels and three residential lots in the gated Woodland Lakes community. Community amenities include an Olympic-sized swimming pool, clubhouse, ATV trails, and 13 stocked fishing lakes, including 60-acre Crystal Lake. The property is located 1.5 hours from St. Louis and near Meramec State Park, Onondaga Cave State Park, and Mark Twain National Forest.
Key Highlights
- Operating country store with restaurant, deli, groceries, camping supplies, and convenience merchandise
- Full‑service kitchen, hot‑food operation, and outdoor beer garden
- Built in 2008 at 11891 Mine Road, Sullivan, MO 63080
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,369
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$847,380
$847.4K
Cap Rate 7%
$605,271
$605.3K
Cap Rate 9%
$470,767
$470.8K
Market Conditions
NOI Build-Up for 3,900 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.0K $15.12/SF
− Vacancy
−$2.5K −$0.64/SF
EGI
$56.5K $14.48/SF
− OpEx
−$14.1K −$3.62/SF
NOI
$42.4K $10.86/SF
Area
Franklin County, MO
Vacancy
4.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$847,380
Cap Rate 7%
$605,271
Cap Rate 9%
$470,767
Alternative Uses
Best Use
Specialty Retail
$605.3K
$529.6K – $706.2K
NOI $42,369 @ 7.0% cap · market cap 5.30%
Second Best
Retail
$524.6K
$459.0K – $612.0K
NOI $36,719 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,372 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63080, MO
13,554
Population
6,460
Households
2.1
Avg Household Size
42
Median Age
19%
College-Educated
90%
High-School Grad
248.8 sq mi
ZIP Area
54
Density / Sq Mi
$60,862
Median Household Income
$42,679
Median Earnings
$863
Median Rent
$169,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Operating country store with restaurant service, deli and kitchen equipment, plus land parcels within a gated recreational community.
Where is this grocery and convenience store located?
The property is located at 11891 Mine Road Sullivan, MO.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Operating country store with restaurant, deli, groceries, camping supplies, and convenience merchandise; Full‑service kitchen, hot‑food operation, and outdoor beer garden; Built in 2008 at 11891 Mine Road, Sullivan, MO 63080
