Retail Space For Lease @ 1050 N Bishop Ave

NEW - 12% CAP Rolla Retail Center, w/ 16.8% CAP upside
84,170 Square Foot Free Standing Retail Center in Rolla Missouri
This asset is priced at $33 / sf, which is less than 1/2 of replacement cost
Well located with 420 parking spaces and excellent visibility.
Stabilized Cash Flow with Planet Fitness 10 year lease, plus JCPenny till 2023 and upside with the vacant unit of 15,000'.
12% CAP on current in place Net Operating Income and +/- 16.8% CAP when vacant unit is leased.
Area retailers include Walmart, Kohl’s, Lowe’s, Hobby Lobby, Menards, Big Lots, & Staples
Rolla is home to Missouri University of Science & Technology
Carslile Golden Roofing Warranty thru 2023
PF thru 2028.
JCP thru 2023.
Priced at $2,400,000 (Yes...only $29 / SF!!!)
For more information, please call, text or email the Listing Agent. Thank you. This space offers accomodations for: free standing building.