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New Licensed American Freight | 8.5% CAP 133 E Parsons Ave 20,560 SF Retail Building Warrensburg, MO 64093 $3,540,053 CAD ($172.18 CAD/SF) 8.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 20,560 SF Free-Standing Building in A+ Location
  • Near University of Central Missouri with 12,500+ Students
  • Close Proximity to Whiteman Air Force Base (Population of 4,119 in 2022)
  • Surrounded by National Retailers such as Walmart Supercenter, a NEWLY CONSTRUCTED Tractor Supply Co., Lowe's, Aldi, & Marshalls
  • Access to a Signalized Intersection - Cooper Blvd. & N. Maguire St.
  • NEW 7-year NN+ Lease in place as of April 4, 2025

EXECUTIVE SUMMARY

- Strong Performer: American Freight has identified this store as one of its highest-performing locations nationwide, underscoring the long-term strength of this site.
- New 7-Year NN+ Lease: Recently executed lease extension provides durable, predictable cash flow with zero landlord responsibilities.
- Outstanding Retail Synergy: Directly across from a high-volume Walmart Supercenter with a new Tractor Supply Co. constructed next door, further strengthening the regional draw.
- Signalized Intersection Access: Prime frontage along a major retail corridor with signalized access, ensuring maximum visibility and ease of entry.
- Carve-Out / Redevelopment Upside: Significant opportunity to unlock additional value through a carve-out of excess parking field for a potential ground lease or pad development. *Subject to city approval
- Exceptional Real Estate Fundamentals: Core retail location with high barriers to entry; arguably the best site in the Warrensburg market.
- Attractive Return Metrics: Strong in-place yield with built-in upside opportunities.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,560 SF
Building Class
B
Year Built/Renovated
2001/2017
Price
$3,540,053 CAD
Price Per SF
$172.18 CAD
Cap Rate
8.50%
NOI
$300,899 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.23
Lot Size
2.06 AC
Zoning
GB - General Business
Parking
94 Spaces (4.57 Spaces per 1,000 SF Leased)
Frontage
146’ on E. Parsons Ave.

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • American Freight
  • Retailer
  • 20,560 SF
  • $14.63 CAD
  • Double Net
  • Apr 2032
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
American Freight Retailer 20,560 SF $14.63 CAD Double Net Apr 2032

NEARBY MAJOR RETAILERS

Buffalo Wild Wings
Applebee's
Rib Crib
Zaxby's
Equity Bank
U.S. Bank
Academy Bank
Central Bank
Mazzio's Italian Eatery
IHOP

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12601303002000206
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$484,226 CAD
  • Listing ID: 33922420

  • Date on Market: 2024-04-05

  • Last Updated:

  • Address: 133 E Parsons Ave, Warrensburg, MO 64093

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