608 Business Loop 70 Columbia, MO 65203-2552

This fee-simple retail property in Columbia, MO, offers a compelling investment opportunity. The 7,344 square foot building, constructed in 2010, is currently 100% occupied by COMO Auto Sales, Inc., under a net-net (NN) lease with approximately seven years remaining until the initial term expires. The lease, commencing July 1, 2021, and expiring June 30, 2031, includes two five-year renewal options. Variable rental increases are built into the lease, occurring in year eight and at the start of each option period, providing a hedge against inflation and steadily growing net operating income (NOI) currently at $168,000. The property sits on a 1.15-acre lot with 49 parking spaces and benefits from excellent visibility and significant street frontage due to its location on Business Loop 70 West, a major retail thoroughfare. The property is zoned M-C (Controlled Industrial District) and boasts a prime location near other national retailers, including a large shopping center and Columbia Mall, ensuring high traffic volume. The 5-mile trade area boasts a population exceeding 127,400 with an average household income of $83,824. The asking price is $2,471,000. This low-management investment presents a strong return with minimal landlord responsibilities.