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Natural Grocers

2414 N. Belt Highway St. Joseph, MO
$5,132,308 5.85% Cap 26,770 sq ft Built 2016 Actual Site Photo Print This Page

Location

2414 N. Belt Highway St. Joseph, MO

Price: $5,132,308
Cap Rate: 5.85%
Net Operating Income: $300,240
Square Footage: 26,770
Lot Size: 2.99 AC
Year Built: 2016

Absolute NNN LeaseExcellent Access and VisibilityExcellent Investment OpportunityFee Simple Ground LeaseLocated on a Major Commercial ThoroughfareNew ConstructionScheduled IncreasesSurrounded by Major RetailersZero Landlord Obligations

This is a Natural Grocers long term absolute NNN ground lease offering in St. Joseph, MO. The lease calls for zero landlord obligations with increases in rent in year 11 and increases during each of the four, 5 year option periods. The asset is well situated on a major commercial thoroughfare and is nearby CVS/pharmacy, Big Lots, Dollar General, Sonic, Advance Auto Parts, McDonald’s, Shell Gas Station and more.

St. Joseph is a city in and the county seat of Buchanan County, Missouri, United States. Small parts of St. Joseph extend into Andrew County, Missouri.It is the principal city of the St. Joseph Metropolitan Statistical Area, which includes Buchanan, Andrew, and DeKalb counties in Missouri and Doniphan County, Kansas. As of the 2010 census, St. Joseph had a total population of 76,780, making it the eighth largest city in the state, and the third largest in Northwest Missouri. St. Joseph is located roughly thirty miles north of the Kansas City, Missouri city limits and approximately 125 miles south of Omaha, Nebraska.

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