522 Osage St Pacific, MO 63069-1706

This 37,106 square foot shopping center in Pacific, MO, presents a compelling value-add opportunity. Located at 522 E Osage St, this multi-tenant property boasts 11 units and is currently 86.44% occupied, generating a NOI of $181,498 and a 9.31% cap rate. The property features a diverse mix of national and local tenants under a NNN lease structure. Extensive renovations completed in 2022 include a new roof, parking lot, HVAC system, LED lighting, electrical panels, and ownership improvements. The asking price is $1,950,000, translating to $52.55 per square foot. Situated in a rapidly growing suburb of the greater St. Louis MSA, this center offers significant upside potential through lease-up of the remaining 5,030 square feet of vacant space, market rent adjustments for existing tenants, and the incorporation of CAM charges and annual rent increases. The property benefits from a strong population base within a 10-mile radius, further enhancing its long-term investment prospects. This is a rare chance to acquire a well-maintained, recently renovated shopping center in a thriving market. The property was built in 1964 and offers significant potential for increased profitability. Rent bumps are included in the lease agreements.