1104 Rt. 66 Waynesville, MO 65583
- Retail properties
- 8,000 SF
- 0.80 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1104 Rt. 66
- Year built
- 2013
- Lot size
- 0.80 lot acres
- Property size
- 8,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 8,000 square foot Anytime Fitness storefront located at 1104 U.S. Rt. 66, Waynesville, Missouri 65583. The property boasts a strong 7.50% cap rate, generating a net operating income (NOI) of $111,458. Built in 2013, this retail space sits on a 0.8-acre lot and benefits from a long-term ground lease with 12.5 years remaining on the primary 15-year term, followed by two 5-year renewal options. The lease includes attractive rental escalations, featuring a rare 15% increase every five years, ensuring consistent income growth. The property enjoys excellent visibility and frontage on US Rt. 66. The tenant, Anytime Fitness, is responsible for all property taxes, insurance, common area maintenance (CAM), and building maintenance, eliminating landlord responsibilities. This turnkey investment offers a compelling combination of strong cash flow, long-term lease security, and significant upside potential. The property's prime location and the tenant's established brand make this a truly exceptional investment opportunity. The asking price is $1,490,000.
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
- Waynesville
- County
- Pulaski
- State
- Missouri
- Longitude
- -92.2192
- Latitude
- 37.8164
