1703 Ohio StClinton, MO 64735

For Sale
$2,400,000

Missouri Retail Center: High-Traffic, 9.15% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents the Cedars Shopping Center, a fully stabilized, multi-tenant retail property located at 1703 E Ohio St, Clinton, MO 64735. Boasting 22,057 square feet of net rentable space, this single-story, 12-unit shopping center sits on a 2.1-acre lot and offers a compelling 9.15% cap rate with a current net operating income (NOI) of $219,592. Built in 1985, the property features a concrete block construction with an exterior stucco facade and ample parking with 106 spaces (4.8 spaces per 1,000 square feet). The center enjoys a prime location north of State Highway 7, a busy retail corridor in Clinton, Missouri, benefiting from high visibility and traffic. In July 2024, the center recorded approximately 103,000 monthly visits and 32,000 individual visitors. Further enhancing its appeal, nearby outparcel lots house a McDonald's, Wendy's, and Subway, driving additional traffic to the center. The property is zoned RC (Commercial) and the assessor's parcel number is 18-1.0-01-003-019-009.00. This is a rare opportunity to acquire a well-performing retail center in a strong market with a proven track record of success. The asking price is $2,400,000, representing a price per square foot of $108.81.

Highlights

  • 22,057 rentable square feet.
  • 100% occupancy.
  • 12 tenants (as of 8/1/2024).
  • Single-story building.
  • $2,400,000 sale price.
  • $219,592 in-place NOI.

Property Details for 1703 Ohio St

Property type
Lifestyle centers, Power centers
Square Feet
22,057 SF
Year Built
1985
Stories
1
Lot Size (sq. ft)
91,476 SF
Units
12

Location Insight

City
Clinton
County
Henry
State
Missouri
Latitude
38.366504007852
Longitude
-93.748844234346
1703 Ohio St, Clinton, Missouri

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1703 Ohio St
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