First Street Center – Kennett, MO

1029 1st Street, Kennett, MO 63857, USA

Sands Investment Group is pleased to exclusively offer for sale the 7,416 SF First Street Center Asset located at 1021-1029 1st Street in Kennett, MO. Offered at $760,000, this 100% occupied retail asset provides stable in-place cash flow. It features approximately 2+ years of WALT, presenting investors with a compelling opportunity to increase rents to market levels and drive future NOI growth.

  • Fully Occupied Multi-Tenant Opportunity: Rare chance to acquire a 100% occupied asset at just $760,000.
  • Diverse Service-Oriented Tenant Mix: The center is occupied by a mix of national and local, service-oriented tenants, including Security Finance, Cricket Wireless, Jackson Hewitt, Mail N More, and Hey Friends Nutrition.
  • Excellent Building Condition: Built in 2013, this property has a metal roof and asphalt parking lot that both have significant useful lives.
  • Low Per Square Foot Basis: Listed at over $102 PSF, providing an accessible entry price.
  • Excellent Visibility: Strategically positioned along 1st Street, the major thoroughfare running through Kennett and the southeastern Missouri region, which sees approximately 15,580 vehicles per day.
  • Near-Term Leasing Leverage: With a WALT of 2+ years, there is a clear opportunity to negotiate higher rent to meet the market or find new tenants to boost the net operating income.

In Cooperayion With Sands Investment Group Missouri, LLC – Lic. #2019044754 BoR: Tom Gorman – Lic. MO #2023012377

Price

$760,000

Cap Rate

8.00%

PREMISES

7,416 SF

YEAR BUILT

2013

RENEWAL OPTIONS

Varies

Lease Expiration

Varies

BROKERS

List with SIG

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