Old Highway 50 Union, MO 63084
- Retail properties
- 14,859 SF
- 1.49 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Old Highway 50
- Year built
- 2006
- Lot size
- 1.49 lot acres
- Property size
- 14,859 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 14,859-square-foot convenience store located at 807 US Hwy 50 E in Union, Missouri (63084). The property sits on a 1.49-acre lot at the northwest corner of Hwy 47 & Hwy 50, boasting an excellent location and a drive-through lane. Currently 100% occupied under a NNN lease with approximately 57 years remaining, offering a substantial 6.95% cap rate and an annual income of $315,000. The building, constructed in 2006, is zoned B-2, HWY Business Dis., and provides ample parking (3.37 spaces per 1,000 sq ft). The asking price is $4,532,374, translating to $333.72 per square foot. A potential 13-year lease extension is available. The current lease includes a cancellation option in August 2031, however, the owner is currently in negotiations to modify this option. Store sales volume is strong. This is a turnkey investment with significant long-term potential. Further details are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Union
- County
- Franklin
- State
- Missouri
- Longitude
- -90.9661
- Latitude
- 38.4366
