Festus, MO 63028

Verizon

Property Address

1111 West Gannon Drive, Festus, MO, USA

Offering Summary

  • Price: $1,314,000
  • Lot Size: .43 Acres
  • Cap Rate: 7.0%
  • Year Built: 2015
  • Building SF: 4,430
  • Status: In Escrow
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  • 6 Years Remaining on Lease Term
  • 10% Rental Increases Every 5 Years
  • 34,161 Residents in Festus Trade Area - St. Louis MSA
  • Households Projected to Increase Nearly 8%+ in Surrounding Area by 2023
  • Outparcel to The Home Depot
  • Situated in a Major Retail Corridor Serving the Twin Cities - Retailers Include The Home Depot, Lowe’s, McDonald’s, Schnuck’s, Burger King, and Steak ‘N Shake
  • Immediately Off the Interstate 55 (30,000 Cars/Day) - Direct Access to St. Louis
  • Easily Accessible via Veterans Boulevard (13,380 Cars/Day)
  • Tenant Operates Over 870 Locations Across 39 States
  • Minutes from Mercy Hospital Jefferson (251-Bed Acute Care Facility)
  • Down the Road from Walmart Supercenter, Aldi, PetSmart, Gordman’s, and More
  • Average Household Income Exceeds $71K in 3-Mile Radius

Broker Information