7570 Watson Road, Shrewsbury, MO
Retail for Sale - $2,995,000 - 14,876 Sq. Ft. on 1.67 acres
Property Info
| CIMLS# | 1116988 |
| Location 7570 Watson Road Shrewsbury MO 63119 | |
| Updated | September 7th, 2022 |
| Type | Retail |
| Price | $2,995,000 |
| Building | 14,876 Sq. Ft. |
| Land | 1.67 acres |
Property Description
*UNDER CONTRACT*
Fully-occupied shopping center now available for sale!
Route 66 Plaza is an established 14,876 square foot shopping center comprised of 5 tenants. The center was built in 1985 and occupies 1.57 acres. Route 66 Plaza includes a renovated storefront façade and pylon sign along Watson Road.
This stabilized retail asset represents an ideal 1031 exchange opportunity given the low maintenance construction of the building, NNN lease structures in place, and attractive CAP rate. The existing tenants have an average of 4 years remaining of the lease term. Below-market rents present a value-add opportunity for future ownership.
Financials
CONTACT LISTING AGENT FOR MORE INFORMATION.