725 Springfield Rd Gerald, MO 63037

Property Details for 725 Springfield Rd

Year built

2002

Lot size

5.80 lot acres

Property size

19,465 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents the Gerald Plaza, a multi-tenant retail property located at 725 W Springfield Rd, Gerald, MO 63037. The 19,465 square foot plaza sits on a sizable 5.8-acre lot and boasts an impressive 7.43% cap rate, based on a Net Operating Income (NOI) of $121,182. Built in 2002, the property currently enjoys an 80% occupancy rate with eight tenants, including a mix of essential needs-based businesses. The asking price is $1,630,000, translating to a price per square foot of $83.74. The property benefits from a triple-net (NNN) lease structure, offering investors a passive income stream. Significant upside potential exists through the lease-up of approximately 3,000 square feet of available space, allowing for immediate NOI growth. The plaza features ample parking and dual points of entry, ensuring convenient access for customers. Its strategic location across from Gerald Elementary School and along US-50 provides excellent visibility and accessibility. The property's tenant mix includes long-term occupants, many of whom have been established for over a decade. Detailed lease terms and rent roll information are available upon request. The expansive lot also presents a valuable opportunity for future development. This is a rare chance to acquire a well-positioned, income-producing retail asset with substantial growth potential in a thriving Missouri community.

Location Insight

City

Gerald

County

Franklin

State

Missouri

Longitude

-91.3402

Latitude

38.3969