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942 Valley Creek Dr
Farmington, MO 63640
Schnucks Farmington Center - SALE · Retail Property For Sale
PROPERTY FACTS
About 942 Valley Creek Dr , Farmington, MO 63640
NAI DESCO as the exclusive agent is pleased to offer for sale to qualified investors the opportunity to purchase a 100% fee simple interest in a 76,908 SF Schnucks grocery anchored retail center at 942 Valley Creek Dr., Farmington, MO 63640 located in the center of the Farmington retail corridor with prominent visibility from Highway 67. Strong Tenant Mix: Anchored by Schnucks Markets in 62,078 SF who occupy 80.72% of the center, the property has 3 retail in-line spaces occupied by CATO Fashions, Miracle Ear and one office/flex/warehouse space occupied by Interlock/Omnicare a CVS Healthcare company and is 98.28% occupied. Strong Corporate Guaranty: Schnucks Markets Interlock/Omnicare/CVS Healthcare Long Term Stability: The Schnucks lease runs through November of 2032 providing over 14 years of term with other leases having 5, 7 and 8 year primary terms and options to renew. NNN Lease Structure: All Tenant leases are structured on a net lease basis and provide for minimal Landlord responsibilities throughout the term of the leases and options. Investment Highlights 98.28% Occupied Grocery Anchored 80.7% Strong Credit Tenant Stabilized Income Attractive Financing Package Available for Qualified Buyers The property has the potential for an out-lot user fronting Valley Creek Rd
PROPERTY TAXES
Parcel Number | 09-70-26-04-006-0001.00 | Improvements Assessment | $1,412,930 |
Land Assessment | $216,200 | Total Assessment | $1,629,130 |
PROPERTY TAXES
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Listing ID: 14510386
Date on Market: 11/29/2018
Last Updated:
Address: 942 Valley Creek Dr, Farmington, MO 63640
The Retail Property at 942 Valley Creek Dr, Farmington, MO 63640 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.