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    FOR LEASE
    Strip malls

    1205 Grindstone Pkwy, Columbia, MO 65201

    31,200 SF 14.84 ac lot Built 2006
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US48-0764230
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located within the bustling Grindstone Plaza Shopping Center in South Columbia. The property, totaling 8,614 square feet, is currently 100% vacant and offers flexible space options for multiple tenants. Individual spaces range from a minimum of 2,114 square feet to a maximum contiguous space of 4,000 square feet, providing versatility for various business needs. The property is classified as Class C and zoned M-C, allowing for a wide range of commercial uses. The center enjoys a prime location, anchored by a Walmart and complemented by a diverse mix of established tenants, including Dollar Tree and America's Best Contacts & Eyeglasses. This strategic positioning ensures high visibility and significant foot traffic, creating an ideal environment for attracting customers. The space is available for lease on a triple net (NNN) basis, aligning with the lease structure of the anchor tenant, Walmart. Previously occupied by Cato Fashions, the space is ready for immediate occupancy, offering a blank canvas for your business to thrive. The property's ample square footage and flexible layout present a unique opportunity to establish a strong presence in a thriving retail environment. Available for lease starting January 31st, 2024.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2006
    Total area 31,200 SF
    Lot 14.84 ac (646,430 SF)
    APN 17-701-00-26-001.01 01
    UPID US48-0764230
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Dollar Tree Discount Store
    • McAlister's Deli Take-out & Catering
    • Walmart Deli Food Market Restaurant
    • America's Best Contacts & Eyeglasses Physician
    • AAA Insurance - Jim Smothers, Columbia, Missouri Agent Insurance Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.18M
    Blend (final) Blend
    $1.24M
    Owner & transaction history
    THF GRINDSTONE PLAZA DEVELOPMENT LLC
    THF GRINDSTONE PLAZA DEVELOPMENT LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $2.0M +140.1%
    Retail stores $2.0M +139.9%
    Auto repair, garage $1.8M +107.8%
    Try Rey
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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