Cap Rate: 9.00%
Net Operating Income: $287,875
Market: Washington, MO
The subject property is a 23,500 square foot OfficeMax located in the heart of Washington, Missouri’s retail corridor servicing a population of over 100,000 residents in Franklin County. This site is strategically located off of State Highway 47 and Route 100 and features excellent exposure along one of Washington’s main corridors experiencing over 20,000 vehicles per day. The asset is surrounded by major retailers including: WalMart, Lowe’s, Walgreens, McDonald’s, Big Lots and more. The nearest corporate office supply is approximately 30 miles away.
Washington is a city on the Missouri River in Franklin County, Missouri. The population was 13,892 from the 2010 census. It is the corncob pipe capital of the world, with Missouri Meerschaum located on the riverfront.
Franklin County is a county located in the U.S. state of Missouri. As of the 2010 census, the population was 101,492. Its county seat is Union. The county was organized in 1818 and is named after Founding Father Benjamin Franklin.
Franklin County is part of the St. Louis, MO-IL Metropolitan Statistical Area and contains many of the city’s exurbs. It is located along the south side of the Missouri River.