Property Listing No Longer Available for Sale

1615 West Highway 76, Branson, MO

Shopping Center for Sale - $4,225,000 - 21,629 Sq. Ft. on 49299.44 acres


Property Info

CIMLS#222298
Location
  1615 West Highway 76
  Branson MO 65616
UpdatedDecember 7th, 2011
TypeShopping Center
Price$4,225,000
Building21,629 Sq. Ft.
Land49299.44 acres

Property Description

Marcus & Millichap is pleased to present the Dixie Station

Shopping Center for your investment review. The 21,629-

square foot shopping center is anchored by Fuddruckers

Restaurant. Fuddruckers occupies 6,000 square feet of the

center and has a 10-year base term on their current lease,

with two five-year options. The center is 91 percent

occupied. The center is located on the main retail strip of

the area, Highway 76 and was built in 2004.

Priced at an attractive capitalization rate, this investment

provides an investor the opportunity to purchase a center

with NNN leases in place. There are three national tenants

in the center which are Fuddrucker's, Subway and Cold

Stone Creamery. Many of these tenants have been in the

center since its inception in 2004 and have long-term

leases.

Location Description:

Branson has Over 8 Million Tourists Visiting Annually

Highlights:

>> 91 Percent Occupied Shopping Center

>> Built 2004

>> Triple Net Leases

>> Major Tenants Include Fuddrucker's, Subway and Cold Stone Creamery

>> Branson Is a Destination For Tourism And Recreation with over 8 Million Tourists Visiting Annually

>> Class A Quality Shopping Center

>> Excellent location on Hwy 76 (main thoroughfare in Branson)

>> Low Maintenance Building

>> Historical Occupancy 100% since constructed

* Email for additional photos


Financials

Sales Info:

>> Cap rate: 8.46%

>> NOI: $357400.0