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895-975 W College St
Marshall, MO 65340

$9,400,000 USD

Storefront For Sale  •  117,114 SF

Property Details

  • Property Type Storefront
  • Total Building Size 126,674 SF
  • Lot Size 13.3 AC
  • Building Class C
  • Year Built 1983
  • Cap Rate 6.66 %
  • Tenancy Multiple
40 Walk Score

Highlights

Features a tenant mix of national retailers including ALDI, Marshalls (TJX), Harbor Freight Tools, Dollar General, and Sherwin-Williams.
Multiple tenants have occupied the site for several decades: Dollar General (1973), Sherwin- Williams (1978), Subway (1990), an d ALDI (2008).
Ownership has secured over 51,000SF of leasing activity since 2023, including new 10-year terms for Marshalls (21,789 SF) and Shoe Sensation (6,667SF)
The asset features a 6.63% in-place cap rate with a projected 8.16% pro-forma yield upon execution of a pending lease with Five Below.
Basis & Replacement Cost: Offered at $75/SF, positioned below current replacement cost.
Average in-place rents of $7.92/SF are approximately 25% below the Marshall market average of $10.60/SF.

Property Flyers

Cap Rate: 6.66 %

Amenities

  • Signage
Darpan Patel 513-325-8682 Marcus & Millichap
Darpan Patel 513-325-8682 Marcus & Millichap