Fully Occupied Multi-Tenant Retail
For Sale
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120 Ichord Avenue, Waynesville, MO 65583
Fully occupied multi-tenant building with medical, childcare, professional, and public-sector tenants plus scheduled rent escalations.
Property Size7,930 SF
Price / SF$124.84
Days on Market58
Property Features for 120 Ichord Avenue
General Information
Standard status
Active
Size
7,930 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Cap Rate
11%
Office Units
10
Building Details
Year Built
1986
Tenancy
Multi
Listing Agency:
Murney Associates
Listed By:
Nirav Patel · License #2025049741
Source:
Crexi
Added: Jun 10
Changed: Jul 10
Last Checked: Aug 6 at 9:26AM
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 Murney Associates
Investment Insights
Based on property information with market context.
This fully occupied, multi-tenant commercial property contains space supporting ten tenants and an in-place gross scheduled annual income of approximately $110,400, based on owner-provided information. The tenant mix spans medical and wellness (Lake Med Spa and True North Therapy), childcare and education (Sprout n Grow), professional office (including Cross Creek Realty), and a stable public-sector tenant, the Pulaski County Board for the Handicapped. Several tenants include contractual 10% rent escalations already scheduled.
The property is located in Waynesville, Missouri, which is identified as the Pulaski County seat and is immediately adjacent to Fort Leonard Wood, one of the U.S. Army’s largest installations. This setting supports recurring demand for the types of in-person, service-based businesses represented in the current rent roll.
For tenants, buyers, and operators, the building’s composition offers diversification across multiple service categories rather than relying on a single use. For investors, two upcoming move-outs create an opportunity for a new owner to re-lease available space and potentially lengthen the weighted lease term. In addition, two tenants currently operating on a month-to-month basis can be placed on formal leases to strengthen long-term stability. Buyer and its representatives should independently verify all income, expenses, lease terms, and square footage.
The property is located in Waynesville, Missouri, which is identified as the Pulaski County seat and is immediately adjacent to Fort Leonard Wood, one of the U.S. Army’s largest installations. This setting supports recurring demand for the types of in-person, service-based businesses represented in the current rent roll.
For tenants, buyers, and operators, the building’s composition offers diversification across multiple service categories rather than relying on a single use. For investors, two upcoming move-outs create an opportunity for a new owner to re-lease available space and potentially lengthen the weighted lease term. In addition, two tenants currently operating on a month-to-month basis can be placed on formal leases to strengthen long-term stability. Buyer and its representatives should independently verify all income, expenses, lease terms, and square footage.
Key Highlights
- Multi‑tenant commercial building built in 1986 and fully occupied
- Tenants generate approx. $110,400 in gross scheduled annual income (about 11% gross cap, per owner‑provided info)
- Diversified tenant mix includes Lake Med Spa, True North Therapy, Sprout n Grow, Cross Creek Realty, and the Pulaski County Board for the Handicapped
Property Analytics
Property Profile
Current Use
Lease Details
10
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Explore this area
Business Placement
Demographics for 65583, MO
13,561
Population
5,836
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
97%
High-School Grad
63.3 sq mi
ZIP Area
214
Density / Sq Mi
$78,763
Median Household Income
$44,667
Median Earnings
$1,107
Median Rent
$209,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Fully occupied multi-tenant building with medical, childcare, professional, and public-sector tenants plus scheduled rent escalations.
Where is this retail space located?
The property is located at 120 Ichord Avenue Waynesville, MO.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Multi‑tenant commercial building built in 1986 and fully occupied; Tenants generate approx. $110,400 in gross scheduled annual income (about 11% gross cap, per owner‑provided info); Diversified tenant mix includes Lake Med Spa, True North Therapy, Sprout n Grow, Cross Creek Realty, and the Pulaski County Board for the Handicapped
