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1208 W Highway 28
Owensville, MO 65066

$2,037,000 USD

Freestanding For Sale  •  37,895 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 37,895 SF
  • Lot Size 5.97 AC
  • Building Class C
  • Year Built 1981
  • Tenancy Single
0 Transit Score
7 Walk Score

Highlights

Tractor Supply Co. Double-Net Lease with 13.9 Years Remaining in Owensville, MO
Extremely Low 2.8% Rent-to-Sales Ratio; Reported Strong Sales of $4.34 Million in 2023
Low Rent of Only $3.22/SF; Offered Well-Below Replacement Cost at $54/SF
Strong Commitment to Site Demonstrated via February 2024-Executed 10-Year Early Extension Taking Term into 2038
5% Rent Increase in 2030 & 10% Rent Increase in 2035; +93 bps to CAP Rate by End of Current Term
Minimal Landlord Responsibilities – Mostly Roof/Structure; Tenant Self-Maintains HVAC, Parking Lot, CAM & Insurance, Reimburses Taxes
Scott Wiles 216-264-2000 Marcus & Millichap
Scott Wiles 216-264-2000 Marcus & Millichap