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1422 1st St
Kennett, MO 63857

$613,000 USD

Office Residential For Sale  •  2,678 SF

Property Details

  • Property Type Office Residential
  • Total Building Size 2,224 SF
  • Building Class C
  • Year Built 1989
  • Cap Rate 9.19 %
  • Tenancy Single
40 Walk Score

Highlights

Offered at a 9.19% CAP Rate, this Triple Net (NNN) site offers stable cash flow and a low price point to investors.
TitleMax operates over 1,000 retail locations, providing title-secured loans and personal loans across 13 states.
Situated adjacent to Walmart on 1st Street, the major thoroughfare running through Kennett and the southeastern Missouri region.
The current 8-year lease expires 03/01/2029 with 4, 1-year options to renew.
The corporately guaranteed lease features 2% annual rental increases, allowing investors to increase cash flow.
Nearby Retailers: Walmart, Wendy's, O'Reilly Auto Parts, Taco Bell, McDonald's, Sonic, Dairy Queen.
Cap Rate: 9.19 %

Major Tenants

Tenant SF Occupied Lease End Date
TitleMax 2,224 SF 3/1/2029
Henry Mikula 312-614-4521 Sands Investment Group
Henry Mikula 312-614-4521 Sands Investment Group