1030 Main Street Lexington, MO 64067

For Sale

$1,200,000

Own a single-tenant drug store with a long-term lease and corporate guaranty.

Days on Market20

Property Features for 1030 Main Street

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1900

Listing Agency: RE/MAX Heritage

Listed By: Jim Dollins · License #1999032833

Source: Coloniallistings

Added: Jul 5 Changed: Jul 10 Last Checked: Jul 23 at 7:11AM

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Investment Insights

Based on property information with market context.

This offering presents a single-tenant drug store building, positioned for an operator that values operational continuity under an existing long-term lease. The property is marketed for ownership with a corporate guaranty in place and rental increases of 5% applied at each renewal period.

The asset is located at 1030 Main Street in a historic town setting, offering the familiarity and stability many tenants seek for day-to-day retail service. Public remarks indicate the building is occupied by a national tenant under an extended tenancy.

For buyers and investors evaluating a leased retail building, the combination of a long-term lease, corporate guaranty, and scheduled 5% rental increases each renewal provides a defined framework for lease renewals. This structure is typically most attractive to parties looking for a straightforward, single-tenant retail investment rather than a multi-tenant leasing model. Please review the available lease terms and guaranty details as part of your due diligence.