Strip Center with Long-Term
For Sale
Contact for pricing
689 S Monroe St, Lebanon, MO 65536
55,000 SF strip center offering stable income, with El Charro continuing and a sale-leaseback planned for remaining space.
Property Size55,000 SF
Price / SF$50
Days on Market204
Property Features for 689 S Monroe St
General Information
Standard status
Active
Size
55,000 SF
Property subtype
Retail
Zoning
C-1
Occupancy
100%
Investment Type
Sale/Leaseback
Net Operating Income
$284,400
Building Details
Year Built
1969
Tenancy
Multi
Listing Agency:
SVN | Rankin Company, LLC
Listed By:
Jeff Childs SIOR CCIM · License #MO 1999029641
(417) 860-5447
Source:
Crexi
Added: Apr 1
Changed: Oct 18
Last Checked: Oct 20 at 8:13PM
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 SVN | Rankin Company, LLC
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Investment Insights
Based on property information with market context.
This 55,000 SF strip center is being offered for sale and includes stable in-place income. El Charro occupies 3,848 SF and is expected to remain in place. For the remaining space, the seller intends to complete a sale-leaseback, with base rent stated at $20,500 per month, plus income from the existing tenant.
The sale-leaseback is described with a 3-year minimum term and 2% annual increases in base rent. The property is located at 689 S Monroe St in Lebanon, MO 65536.
The sale-leaseback is described with a 3-year minimum term and 2% annual increases in base rent. The property is located at 689 S Monroe St in Lebanon, MO 65536.
Key Highlights
- 55,000 SF strip center built in 1969 offered for sale for $3,000,000
- El Charro currently occupies 3,848 SF and will remain after sale
- Sale‑leaseback planned for the remaining space at $20,500/month base rent
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
937
Businesses Nearby
Explore this area
Business Placement
Demographics for 65536, MO
29,550
Population
13,156
Households
2.2
Avg Household Size
40
Median Age
16%
College-Educated
86%
High-School Grad
402.2 sq mi
ZIP Area
73
Density / Sq Mi
$50,902
Median Household Income
$35,140
Median Earnings
$805
Median Rent
$159,400
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - 55,000 SF strip center offering stable income, with El Charro continuing and a sale-leaseback planned for remaining space.
Where is this strip mall located?
The property is located at 689 S Monroe St Lebanon, MO.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 55,000 SF strip center built in 1969 offered for sale for $3,000,000; El Charro currently occupies 3,848 SF and will remain after sale; Sale‑leaseback planned for the remaining space at $20,500/month base rent
