904 Belt Hwy Saint Joseph, MO 64506-3013
- Turn key restaurants
- 3,136 SF
Mar 25, 2025
Current Use by Public Records
- Verizon / Cell Phone Store / Electronics Store
Property Details for 904 Belt Hwy
- Year built
- 1999
- Property size
- 3,136 SF
- Zone code
- CITY
- Property type
- Turn key restaurants
- APN
- 06-1.0-11-002-000-032.001
- APU
- 61011002000032001
Description
This exceptional investment opportunity presents a 3,200 square foot freestanding Verizon Wireless store located at 904 N Belt Hwy in St. Joseph, Missouri. The property, built in 1999 and extensively renovated in 2023, sits on a 0.71-acre lot with ample parking (40 spaces). Currently operating under a Net Lease (NNN) agreement with a franchisee tenant, the property boasts a strong 6.00% cap rate and a substantial NOI of $82,516. The lease, with a remaining term of approximately 2.4 years (expiring 04/30/2027), ensures consistent cash flow. The property is zoned C-3 and features a single, one-story building with 100% occupancy. The asking price is $1,375,000, translating to a price per square foot of $429.69. This is a rare chance to acquire a well-maintained, high-performing retail asset in a desirable location with a long-standing, creditworthy tenant. The property's strong financials, coupled with the recent renovations and prime location within a thriving retail corridor, make it an ideal addition to any investment portfolio. The APN is 06-1.0-11-002-000-032.001.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint Joseph
- County
- Buchanan
- State
- Missouri
- Longitude
- -94.8038
- Latitude
- 39.7745
- CBSA code
- 41140
- CBSA name
- ST. JOSEPH, MO-KS METROPOLITAN STATISTICAL AREA
