Current Use by Public Records
- Retail properties & Spaces
Property Details for 11118 Memorial Dr
- Year built
- 2003
- Lot size
- 1.70 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 14,490-square-foot convenience store located at 11118 S Memorial Drive, Union, Missouri, 63084. The property boasts a strong 6.95% cap rate and is offered at $4,589,928, translating to $344.29 per square foot. Built in 2003, this single-tenant, net-leased (NNN) property sits on a 1.7-acre lot in a commercially zoned (CS, Commercial District) area. The building enjoys 100% occupancy with a lease term of 53 years and 3 months remaining (with several options for early cancellation, terms to be verified). The convenient location includes a drive-through lane and a signalized hard corner, maximizing visibility and accessibility. Ample parking is provided with 79 spaces, a ratio of 5.45 spaces per 1,000 square feet. This is a prime opportunity for investors seeking a stable, high-return retail investment in a desirable location. The property's strong tenant, location, and lease terms make it an attractive addition to any portfolio. Further details regarding lease terms are available upon request.
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
- Union
- County
- Franklin
- State
- Missouri
- Longitude
- -91.0012
- Latitude
- 38.4176
