904 Belt Hwy Saint Joseph, MO 64506-3013
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.
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Verizon Mobile Phone Store Electronics & Wireless Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CITY · Saint Joseph, MOSaint Joseph. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.