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4655 E Liberty St 4655 E Liberty St

900,000 SF 100% Leased Industrial Building Mexico, MO 65265 For Sale

Investment Highlights

  • Durable income stream with mission critical tenancy
  • Attractive assumable financing offering above market returns
  • Established central U.S. industrial corridor
  • Compelling basis with building and site optionality
  • Strategic distribution/logistics location

Executive Summary

Call for Offers - November 21st
Newmark Zimmer Midwest Capital Markets is pleased to present the opportunity to acquire 4655 E Liberty Street, Mexico, Missouri (the “Property”), a Home Depot anchored industrial asset with 8.5 years of WALT including a new tenant investing $60M into the building for food grade production. The Property is 100% leased to two tenants, Home Depot and Western Smokehouse Partners, on a passive triple net lease structure. The opportunity offers attractive low risk double digit cash on cash returns immediately with existing assumable 2.98% CMBS financing in place.
This facility serves as the distribution center for Home Decorators Collection for Home Depot throughout the Central Region, and is the only non-coastal distribution center for Home Decorators Collection. Home Depot has been a strong community partner with a 25+ year history in the Mexico market. Western Smokehouse Partners is co-investing $60M into the state-of-the-art facility with Chomps, one of the fastest-growing snack and food brands in the US. The facility is expected to create approximately 250 full-time jobs initially, with potential for future expansion. The Western Smokehouse Partners portion of the building is also tax abated through 2037.
The Central Missouri Industrial Market is a desirable location for various industrial uses because of the low cost of operations and reliable and dense workforce. This established market is healthy with a low vacancy rate of just 3.0%. The subject leases offer a compelling rental rate discount of nearly $2.50/SF relative to St. Louis and Kansas City, and other peer Central Missouri markets.

Property Facts

Sale Type Investment NNN
Property Type Industrial
Property Subtype Warehouse
Building Class A
Lot Size 110.65 AC
Rentable Building Area 900,000 SF
Number of Floors 1
Year Built/Renovated 1997/2017
Parking Ratio 0.33/1,000 SF
Clear Ceiling Height 32 ft
No. Dock-High Doors/Loading 59
Level Access Doors 1
Opportunity Zone Yes

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-9-29-0-000-003.01
Land Assessment
£90,318
Improvements Assessment
£3,852,440
Total Assessment
£3,942,758

zoning

Zoning Code I-1
I-1
  • Listing ID: 33583142

  • Date on Market: 21/10/2024

  • Last Updated:

  • Address: 4655 E Liberty St, Mexico, MO 65265

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