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Byrider | 7yrs Remain NN w/ Increases 608 W Business Loop 70

7,344 SF Retail Building Columbia, MO 65203 $2,471,000 ($336/SF) 6.80% Cap Rate

Investment Highlights

  • Approximately 7 Years Remaining | Options To Extend | Scheduled Rental Increases
  • Right Off US Highway 40 (35,700 VPD) | Excellent Visibility |Significant Street Frontage | Large Sign
  • Strong Demographics In 5-Mile Trade Area
  • NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Across From 276,000+ SF Shopping Center | Retail Corridor |Strong National/Credit Tenant Presence

Executive Summary

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, Byrider investment property located in Columbia, Missouri. The tenant, COMO Auto Sales, Inc. has approximately 7 years remaining on its 10-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features variable rental increases in year 8 of the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Byrider is a leading buy-here-pay-here used car dealership, with over 140 locations across the United States.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
7,344 SF
Year Built
2010
Price
$2,471,000
Price Per SF
$336
Cap Rate
6.80%
NOI
$168,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.15 AC
Zoning
M-C - Controlled Industrial District
Parking
49 Spaces (6.67 Spaces per 1,000 SF Leased)

Amenities

  • Freeway Visibility
  • Signage
Walk Score ®
Very Walkable (74)
Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

U.S. Bank
ALDI
Cheddar's
Red Lobster
Fazoli's
Country Kitchen
Olive Garden Italian Rstrnt
CrossFit
Rent-A-Center
Simmons Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-314-00-02-005-00-01
Land Assessment
$79,968
Improvements Assessment
$200,032
Total Assessment
$280,000
  • Listing ID: 32999089

  • Date on Market: 8/29/2024

  • Last Updated:

  • Address: 608 W Business Loop 70, Columbia, MO 65203

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