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1328 US 24
Moberly, MO 65270
Starbucks · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 2025 Upgraded BTS Construction w/Drive-Thru, No Early Termination Clause in Lease.
- Four, 5-Year Option Periods w/ 7.50% Rent Increases Each Period.
- Investment Grade Credit Tenant - S&P: BBB+ 12 Year Lease with 10% Rent Increase in Year 7.
- Lowe's Outparcel | Walmart Shadow Anchored Positioned on the Main Retail Thoroughfare Located Off US-Highway 63 - Main Traffic Artery Through MO.
EXECUTIVE SUMMARY
Fortis Net Lease is pleased to present this brand new, built-to-suit prototype Starbucks located in Moberly, MO. The subject property is equipped with a 12 year double net lease that include minimal landlord responsibilities such as roof, structure and parking lot. The lease also contains rent increases in year 7 of 10% and an increase of 7.50% at the beginning of each of the four option periods.
The 2,447 SF subject property is located on U.S. Highway 24 with traffic counts exceeding 13,105 vehicles per day. U.S Highway 24 serves not only as a major East-West traffic thoroughfare but is also a main local retail corridor with tenants that include Lowe's, Walmart, Tractor Supply Company, Aldi, Dollar Tree and many more. US-24 intersects U.S. Highway 63 which is a major North-South traffic route and provides an easy access to the retail corridor located on US 24 allowing regional residents to quickly access to retailers.
List price reflects a cap rate of 6.15% based on a NOI of $174,675. The 10% rent increase in year 7 allows for the cap rate to grow over the initial term to 6.46% if purchased at list price.
The 2,447 SF subject property is located on U.S. Highway 24 with traffic counts exceeding 13,105 vehicles per day. U.S Highway 24 serves not only as a major East-West traffic thoroughfare but is also a main local retail corridor with tenants that include Lowe's, Walmart, Tractor Supply Company, Aldi, Dollar Tree and many more. US-24 intersects U.S. Highway 63 which is a major North-South traffic route and provides an easy access to the retail corridor located on US 24 allowing regional residents to quickly access to retailers.
List price reflects a cap rate of 6.15% based on a NOI of $174,675. The 10% rent increase in year 7 allows for the cap rate to grow over the initial term to 6.46% if purchased at list price.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,447 SF
Building Class
C
Year Built
2025
Price
$3,929,165 CAD
Price Per SF
$1,605.71 CAD
Cap Rate
6.15%
NOI
$241,644 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.20 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Parking
32 Spaces (13.08 Spaces per 1,000 SF Leased)
Frontage
116’ on CO-24
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 08-9.0-30.0-0.0-000-016.006 | Improvements Assessment | $0 CAD |
| Land Assessment | $138 CAD | Total Assessment | $138 CAD |
PROPERTY TAXES
Parcel Number
08-9.0-30.0-0.0-000-016.006
Land Assessment
$138 CAD
Improvements Assessment
$0 CAD
Total Assessment
$138 CAD
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