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3001 N Douglass St

7,020 SF Retail Building Malden, MO 63863 $865,000 ($123/SF) 8.75% Cap Rate

Storefront Properties Missouri Malden 3001 N Douglass St, Malden, MO 63863

Investment Highlights

  • Major intersection
  • New Construction
  • Near Municipal Airport

Executive Summary

Excellent investment opportunity to own this newly constructed building in Malden Missouri. 4 1/2 years remain on the lease to an Office Technology Company with locations throughout the midsouth and Texas serving the entire Southeastern U.S. with 400+ employees. The property is perfectly positioned between the cities of Sikeston and Poplar Bluff. The CAP rate is calculated using blended income for 2025 remainder of the lease through October 2028.

Attachments

Offering_Memorandum (2)

Property Facts

Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Storefront
Building Size
7,020 SF
Building Class
B
Year Built
2018
Price
$865,000
Price Per SF
$123
Cap Rate
8.75%
NOI
$75,688
Tenancy
Single
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.07
Lot Size
2.29 AC
Zoning
C - zoned for commercial use
Parking
30 Spaces (4.27 Spaces per 1,000 SF Leased)
Frontage
397 FT on North Douglass Street

Amenities

  • 24 Hour Access
  • Fenced Lot
  • Security System
  • Signage
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector
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PROPERTY TAXES

Parcel Number 01-08.0-27-000-00-004.004.000 Improvements Assessment $0
Land Assessment $0 Total Assessment $87,690

PROPERTY TAXES

Parcel Number
01-08.0-27-000-00-004.004.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$87,690
(901) 848-8730

Contact

  • Listing ID: 23966751

  • Date on Market: 8/24/2021

  • Last Updated:

  • Address: 3001 N Douglass St, Malden, MO 63863

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3001 N Douglass St
(901) 848-8730 x

3001 N Douglass St

Johnny Metz

(901) 848-8730

(901) 848-8730

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