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Views: 125 DOM: 114 Updated: 11.04.24 Posted: 07.30.24 Status: Active

Summary

Price $1,858,312
Built/Renov 1984/2022
Tenant Terrabis
Cap Rate 8.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,004
Lease Start 08-04-2022
#Units 6
Price/SF $464.11
Expiration 08-31-2037
Tenant Type General Retail
NOI $148,665
R. Term 12.9
Ownership Fee Simple
Rent/SF $37.13
Increases 3.0%/1/yrs
Pop 5Mi 124,008
Lot/AC 0.59
Options 4/5yrs/3%
AHHI 5Mi $61,011

Lease Highlights

  • Terrabis has 12 years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 3% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Limited license recreational & medical use state
  • Corporate guaranteed lease with strong growing multi-state operator

Location Description

Terrabis is strategically located on Kearney Street, a main east/west thoroughfare, with access to 20,199 vehicles passing by daily. The property is 2.5 miles west of Bass Pro Shops National Headquarters Outdoor World, the largest and most famous outdoor store in the world, drawing over 4 million visitors per year and making it one of Missouri's largest tourist attractions. Adjacent to the...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Terrabis
  • Guarantor:Corporate
  • Company:V3 Holdings Missouri, LLC
  • # Units:6
  • Stock:Private

About Tenant

Terrabis is a premier medical and recreational marijuana dispensary and product manufacturer offering flower, pre-rolls, vaporizers, concentrates, edibles, topicals and accessories. The company...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 10,604 64,228 126,072
2024 Total Population : 10,536 63,631 124,280
2024 Employed Civilian Pop : 4,465 27,696 59,330
2024 Total Businesses : 373 3,468 6,706
2024 Average Household Income : $ 54,281 $ 51,185 $ 60,875
2024 Total Consumer Spending : $ 215 M $ 1248 M $ 2970 M
2024 Median Age : 35 31 34
2024 Total Households : 4,431 27,193 54,683
2024 Pop Age 25+: Bachelor's Degree : 908 5,504 14,745
2024 Average Home Value : $ 178,510 $ 184,676 $ 213,378
*ESRI data is presented for informational purposes only

Listing Broker

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