Current Use by Public Records
- Lifestyle centers
Property Details for 725 Springfield Rd
- Year built
- 2002
- Lot size
- 5.80 lot acres
- 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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gerald
- County
- Franklin
- State
- Missouri
- Longitude
- -91.3402
- Latitude
- 38.3969
