133 Parsons Ave, Warrensburg, MO 64093
20,560 SF | Retail Building | Warrensburg, MO 64093 | $2,800,000 ($136/SF) | 7.70% Cap Rate
For Sale
Active
Asking Price $2,800,000
- Property Type
-
Retail
- Square Feet
- 20,560 SF
- Price / Square Foot
- $136
Listing Contacts
Nathan Eller
Joshua Brown
- Property Info
Property Overview
This 20,560 SQUARE FOOT commercial building formerly FFO HOME STORE was opened in 2017 and converted to AMERICAN FREIGHT in 2021 is located just east outside of Kansas City. The site is directly off of NW US HWY 50 on N Maguire Street in Warrensburg, MO. The property is surrounded by other major retailers and restaurants that include Chipotle, Lowe’s, Walmart Supercenter, Applebee’s, AT&T, Academy, Buffalo Wild Wings, Aaron’s, Rib Crib, Zaxby’s, Great Clips, ALDI, and AMC Classic Cinema. American Freight has an initial term that expires October 31, 2030 with two, 5-Year Options. There is a 10% rent bump at each option. This investment property offers an NOI of $215,556/YR and a CAP Rate of 7.70%.
American Freight has been in business since 1968 with over 360 stores in 38 states. American Freight is owned by the Franchise Group, Inc. The Franchise Group, Inc. owns brands in various retail industries and posted 2023 revenues of $4.937 Billion.
American Freight has been in business since 1968 with over 360 stores in 38 states. American Freight is owned by the Franchise Group, Inc. The Franchise Group, Inc. owns brands in various retail industries and posted 2023 revenues of $4.937 Billion.
Property Details
- Class
- B
- Year Built/Renovated
- 2001/2019
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 89,734 SF
Highlights
- 6+ years remaining on the initial lease
- Directly across the street from Walmart Supercenter
- Warrensburg is home of the University of Central Missouri (12,000+ students)
- Significant military base
- Property is well below replacement cost
- Over-parked property that may offer carve-out opportunity
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