Description
1050-1056 S Bishop AveA&M Realty Inc. is excited to offer the chance to purchase a 100% fee simple interest in 1050 S Bishop Ave, an +/- 84,170 SF multi-tenant property located in Rolla, MO.
New Asking Price: $3,725,000
Cap Rate: 9.29%
Building Size/GLA: +/- 84,170 SF
Year Built: 1974
Occupancy: 100%
Zoning: Commercial
Property Highlights:
Prime Location: Positioned on Highway 63 (S Bishop Ave), a major north/south route with over 17,942 vehicles per day (VPD).
Full Occupancy: Completely leased to reputable tenants: Planet Fitness, Bealls, and JCPenney.
Excellent Visibility: Prominent signage and clear view to S Bishop Ave, ensuring high exposure.
Investment Highlights:
Reliable Income: Fully leased units provide a steady income stream.
Strong Tenants:
Planet Fitness: One of the largest fitness club franchises with about 2,400 clubs.
Bealls Inc: Operates over 600 retail stores nationwide with annual sales over one billion dollars.
JCPenney: A major retailer attracting over 84,100 annual repeat customer visits (placer.ai).
Strategic Location:
High Traffic Area: Located near major retailers like Hobby Lobby, Harbor Freight Tools, and Big Lots.
Close to Retail Hub: Less than a mile from Wal-Mart Super Center, which draws approximately 10,000 visits per day (placer.ai).
Don’t miss this outstanding investment opportunity in a thriving commercial area.
Share