608 Business Loop 70 Columbia, MO 65203

Property Details for 608 Business Loop 70

Year built

2010

Construction

FRAME

Lot size

0.97 lot acres

Property size

7,344 SF

Zone code

C3

Property type

Automotive properties

APN

16-314-00-02-005.00 01

APU

1631400020050001

Description

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.

Location Insight

City

Columbia

County

Boone

State

Missouri

Longitude

-92.3463

Latitude

38.9655

CBSA code

17860

CBSA name

COLUMBIA, MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments