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    608 Business Loop 70 Columbia, MO 65203

    For Sale
    $2,471,000

    7,344 SF, NN Lease, High NOI

    Property size:
    7,344 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This fee-simple retail property in Columbia, MO, offers a compelling investment opportunity. The 7,344 square foot building, constructed in 2010, is currently 100% occupied by COMO Auto Sales, Inc., under a net-net (NN) lease with approximately seven years remaining until the initial term expires. The lease, commencing July 1, 2021, and expiring June 30, 2031, includes two five-year renewal options. Variable rental increases are built into the lease, occurring in year eight and at the start of each option period, providing a hedge against inflation and steadily growing net operating income (NOI) currently at $168,000. The property sits on a 1.15-acre lot with 49 parking spaces and benefits from excellent visibility and significant street frontage due to its location on Business Loop 70 West, a major retail thoroughfare. The property is zoned M-C (Controlled Industrial District) and boasts a prime location near other national retailers, including a large shopping center and Columbia Mall, ensuring high traffic volume. The 5-mile trade area boasts a population exceeding 127,400 with an average household income of $83,824. The asking price is $2,471,000. This low-management investment presents a strong return with minimal landlord responsibilities.

    Property Features for 608 Business Loop 70

    General Information

    Property type
    Automotive properties
    Square Feet
    7,344 SF
    Lot Size
    50,094 SF

    Building Details

    Year Built
    2010

    HighLights

    • 7‑year lease term remaining with two 5‑year options and built‑in rental increases.
    • Net‑net (NN) lease, fee‑simple ownership, minimal landlord responsibilities.
    • Located in a retail corridor across from a 276,000+ SF shopping center with strong national tenant presence.
    • High visibility location on US Highway 40 (35,700 VPD) with significant street frontage and large signage.
    • Strong demographics within a 5‑mile radius, exceeding 127,400 population and $83,824 average household income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Byrider Columbia Used Car Dealer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Boone
    State
    Missouri
    Longitude
    -92.346372
    Latitude
    38.9655186

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    FAQs

    What type of property is this?
    Automotive property - 7,344 SF, NN Lease, High NOI
    Where is this automotive property located?
    The property is located at 608 Business Loop 70 Columbia, MO.
    What is the asking price?
    The asking price for this property is $2,471,000.
    What are key features of this property?
    This property features: 7-year lease term remaining with two 5-year options and built-in rental increases.; Net-net (NN) lease, fee-simple ownership, minimal landlord responsibilities.; Located in a retail corridor across from a 276,000+ SF shopping center with strong national tenant presence.
    Request Owner's contact information
    608 Business Loop 70 Columbia, MO 65203
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    Columbia, MO 65203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    608 Business Loop 70 Columbia, MO 65203
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