5695 Clark Ln Columbia, MO 65202
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High-yield retail investment, 27,000 sq ft
Property size:
27,000 SFProperty Features for 5695 Clark Ln
General Information
- Property type
- Lifestyle centers
- Square Feet
- 27,000 SF
- Class
- C
- Lot Size
- 115,434 SF
Building Details
- Year Built
- 2005
- Buildings
- 1
- Stories
- 1
- Units
- 15
Listing Agency: Boulevard Realty Listing Agent: John John
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This 27,000 square foot shopping center in Columbia, Missouri presents a compelling value-add opportunity. Located at 5695 Clark Ln, this single-story, 15-unit property boasts a prominent location across from a new Schnuck's Grocery anchored site, providing excellent visibility and foot traffic. Built in 2005, the property currently sits at 50% occupancy, with most tenants on month-to-month leases, offering significant upside potential for increased rental income. The property features a Modified lease type and is zoned C-GP Planned Commercial. The 2.65-acre lot provides ample space for future expansion or redevelopment. With a current asking price of $2,650,000, a pro-forma NOI of $225,000, and a pro-forma cap rate of 8.49%, this investment offers strong potential returns. The convenient location near I-70 Exit 131, accessible via a roundabout with direct access from Lakeview Mall, ensures high visibility and accessibility. The property's current condition allows for repositioning and lease-up strategies to maximize profitability. The APN is 1721203060010001. This is an exceptional opportunity for investors seeking a high-yield, value-add retail investment in a growing market.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Nails by Susan
Nail Salon
Boxdrop Mattress Columbia
Furniture & Home Goods
Georges Pizza and Steak
Restaurant
Maupin's Barber Stylist
Barber Shop
Lakeview Mall
Shopping Center & Mall
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Boone
- State
- Missouri
- Longitude
- -92.25209128
- Latitude
- 38.96362722
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FAQs
What type of property is this?
Lifestyle center - High-yield retail investment, 27,000 sq ft
Where is this lifestyle center located?
The property is located at 5695 Clark Ln Columbia, MO.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: $2,650,000 asking price for a 27,000 square foot shopping center in Columbia, MO.; Value-add repositioning opportunity with a pro-forma cap rate of 8.49% and pro-forma NOI of $225,000.; Currently 50% occupied, with 15 units and mostly month-to-month tenants.