Strip Center With Restaurant
For Sale
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699 S Monroe St, Lebanon, MO 65536
55,000 SF strip center along a retail corridor with an in-place El Charro restaurant tenant.
Property Size55,000 SF
Price / SF$50
Days on Market163
Property Features for 699 S Monroe St
General Information
Standard status
Active
Size
55,000 SF
Property subtype
RETAIL
Additional Details
Cap Rate
9.5%
Listing Agency:
SVN | Rankin Company, LLC
(417) 887-8826
Listed By:
Jeff Childs, SIOR, CCIM · License #1999029641
(417) 860-5447
Source:
Moodyscre
Added: May 13
Changed: Oct 4
Last Checked: Oct 20 at 11:01PM
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 offered for sale with stable in-place income. El Charro occupies 3,848 SF and will remain with the transaction, while the seller plans a sale-leaseback for the remaining space.
The property is positioned along an established retail corridor. In the seller leaseback structure, the base rent is stated at $20,500 per month with a 3-year minimum term and 2% annual increases in base rent, and El Charro is listed at $3,200 per month. The combined stated annual income is $284,400.
The center’s current tenant configuration includes El Charro as the ongoing restaurant occupant within the 55,000 SF retail structure.
The property is positioned along an established retail corridor. In the seller leaseback structure, the base rent is stated at $20,500 per month with a 3-year minimum term and 2% annual increases in base rent, and El Charro is listed at $3,200 per month. The combined stated annual income is $284,400.
The center’s current tenant configuration includes El Charro as the ongoing restaurant occupant within the 55,000 SF retail structure.
Key Highlights
- 55,000 SF strip center on an established retail corridor with in‑place tenant El Charro (3,848 SF).
- El Charro occupies 3,848 SF and will remain under existing tenancy.
- Seller sale‑leaseback for remaining space: $20,500/month base rent plus El Charro rent.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
937
Businesses Nearby
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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 along a retail corridor with an in-place El Charro restaurant tenant.
Where is this strip mall located?
The property is located at 699 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 on an established retail corridor with in‑place tenant El Charro (3,848 SF).; El Charro occupies 3,848 SF and will remain under existing tenancy.; Seller sale‑leaseback for remaining space: $20,500/month base rent plus El Charro rent.
