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1021 1st St
Kennett, MO 63857

$760,000 USD

General Retail For Sale  •  7,416 SF

Property Details

  • Property Type General Retail
  • Total Building Size 7,416 SF
  • Lot Size 1.22 AC
  • Building Class B
  • Year Built 2013
  • Cap Rate 8.00 %
  • Tenancy Multiple
40 Walk Score

Highlights

Rare chance to acquire a 100% occupied asset at just $760,000.
The center is occupied by a mix of national and local, service-oriented tenants, including Security Finance, Cricket Wireless, Jackson Hewitt, Etc.
Built in 2013, this property has a metal roof and asphalt parking lot that both have significant useful lives.
Listed at over $102 PSF, providing an accessible entry price.
Strategically positioned along 1st Street, the major thoroughfare running through Kennett and the southeastern Missouri region.
With a WALT of 2+ years, there is a clear opportunity to negotiate higher rent to meet the market.
Cap Rate: 8.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Cricket Wireless 1,576 SF 4/30/2028
Hey Friends Nutrition 1,720 SF 5/31/2028
Jackson Hewitt 1,000 SF 9/30/2029
Mail N More 1,400 SF 3/31/2028
Security Finance 1,720 SF 11/30/2026
Henry Mikula 312-614-4521 Sands Investment Group
Henry Mikula 312-614-4521 Sands Investment Group