10248 Big Bend, Crestwood, MO
Retail for Sale - $23,900,000 - 130,466 Sq. Ft.
Property Info
| CIMLS# | 88592 |
| Location 10248 Big Bend Crestwood MO 63123 | |
| Updated | May 10th, 2013 |
| Type | Retail |
| Price | $23,900,000 |
| Building | 130,466 Sq. Ft. |
Property Description
Sam's Club
Fee Simple Ownership
Rentable square feet: 130,466
Corporately guaranteed lease
Expires: 12/9/2021
(13) 5 year options
Hardee's Food System
Corporate NNN ground lease
Expires: 1/31/2023
10% every 5 years
Drury Signs
Ground Lease
Expires 12/2021
Annual income: $25,000 Increases 10% every 5 years
Four (5) year options
Financials
Assumable debt:
Principal: $14,250,000
Rate: 4.30%
Amortization: 25 years
Term expires: 3/1/2022
Down payment: $9,650,000
Cash flow after debt service: $577,215.84
Yield on Cash Down Payment: 6.0%
IRR 10 year average: 10.0%
Asking price: $23,900,000.00