921 Jefferson AveLebanon, MO 65536

Property Details for 921 Jefferson Ave

Year built

1992

Property size (Sq ft)

20,705 SF

Property type

Sports & entertainment properties

Property subtype

Theaters & concert halls

APN

13-1.0-11-004-009-017.901

APU

131011004009017901

Description

This exceptional investment opportunity presents the chance to acquire the Lebanon Ritz 8 theatre building, situated on a 1.45-acre lot at 921 S Jefferson, Lebanon, MO. Built in 1992, this landmark property boasts a long-standing lease with the current tenant, extending through September 30, 2029, with built-in renewal options and rent increases every five years. The property offers a compelling over 8% capitalization rate, promising strong returns for long-term investors. As the only theatre in a thriving town, the Lebanon Ritz 8 enjoys a secure position within the community, ensuring consistent cash flow. The building's maintenance responsibilities are clearly defined, with the lessor solely responsible for land taxes and roof upkeep. The current tenant has maintained a consistent presence for over 30 years, demonstrating the property's enduring appeal and stability. This sale includes a one-third ownership stake in the adjacent parking lot, adding further value to this attractive investment. The property's proven track record, long-term lease, and strategic location make it an exceptional opportunity for investors seeking substantial and reliable returns. This is a rare chance to acquire a well-established, cash-flowing commercial property in a growing market. The financial details clearly indicate a highly attractive deal for discerning investors.

• Alternative Use

  Use

  Valuation

  Residential

  $4,987,755

  Hospitality

  $4,568,756

  Educational

  $3,801,152

  Medical

  $3,931,880

  Retail

  $5,912,903

Location Insight

City

Lebanon

County

Laclede

State

Missouri

Latitude

37.6717

Longitude

-92.6553

CBSA code

30060

CBSA name

LEBANON, MO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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