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Save-A-Lot 121 S Sprigg St

35,782 SF 100% Leased Retail Building Cape Girardeau, MO 63703 £1,033,879 (£29/SF)

INVESTMENT HIGHLIGHTS

  • The property has the potential to increase its income by leasing the vacant retail suite at market rent, presenting an opportunity to boost cash flow.
  • Corner lots benefit from increased visibility and traffic, which will attract more customers and tenants.
  • Having a successful grocer as an anchor tenant can draw additional foot traffic, benefitting future tenants and contributing to a vibrant retail cente
  • Purchase the property well below replacement cost, providing a buffer against market fluctuations
  • The large size of the lot may allow potential expansion or redevelopment opportunities for the buyer, increasing the property’s long term value.

EXECUTIVE SUMMARY

Broker of Record
Kyle Matthews
License No. 2022018843 (MO)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
35,782 SF
Building Class
C
Year Built
1990
Price
£1,033,879
Price Per SF
£29
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.35
Lot Size
2.34 AC
Zoning
C

LINKS

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NEARBY MAJOR RETAILERS

Starbucks
U.S. Bank

PROPERTY TAXES

Parcel Number 21-106-00-33-00100-0000 Improvements Assessment £118,005
Land Assessment £28,129 Total Assessment £146,135

PROPERTY TAXES

Parcel Number
21-106-00-33-00100-0000
Land Assessment
£28,129
Improvements Assessment
£118,005
Total Assessment
£146,135
(214) 295-8565

CONTACT

  • Listing ID: 33439698

  • Date on Market: 07/10/2024

  • Last Updated:

  • Address: 121 S Sprigg St, Cape Girardeau, MO 63703

The Retail Property at 121 S Sprigg St, Cape Girardeau, MO 63703 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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Save-A-Lot | 121 S Sprigg St
(214) 295-8565 x

Save-A-Lot | 121 S Sprigg St

Roman Stuart

(214) 295-8565

(214) 295-8565

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