904 N Belt
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904 N Belt
3,200 SF Retail Building Saint Joseph, MO 64506 $1,375,000 ($430/SF) 6% Cap Rate
Investment Highlights
- Located on the Belt Hwy, near Frederick Ave. in the main retail corridor
- Net lease with Tenant reimbursing Landlord for real estate taxes and property insurance.
Executive Summary
Stand-alone Verizon store. Tenant in place since 2010. Tenant completed store renovation in 2023. Excellent location on Belt Hwy. near Frederick Ave. The only Verizon location in St. Joseph.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,200 SF
Building Class
B
Year Built/Renovated
1999/2023
Price
$1,375,000
Price Per SF
$430
Cap Rate
6%
NOI
$82,516
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
0.72 AC
Zoning
C-3
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Signage
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 06-1.0-11-002-000-032.001 | Improvements Assessment | $116,880 |
| Land Assessment | $49,480 | Total Assessment | $166,360 |
PROPERTY TAXES
Parcel Number
06-1.0-11-002-000-032.001
Land Assessment
$49,480
Improvements Assessment
$116,880
Total Assessment
$166,360
-
Raymond Sisson -
BHHS Stein & Summers Real Estate
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