Value Add Branson Shopping Center
Commercial real estate listings in 16195 U.S. 160, Forsyth, MO 65653, USA
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Listing was updated on: 11/06/2022
Price: 4400000.00 /
location icon 3265 Falls Pkwy suite x, Branson, MO 65616, USA
Retail for Sale & Lease
from June 30, 2022
Description

LocationLocated On State Hwy 165 near the Branson tourism district. Surrounded by more than 10,000 lodging units to the East and North East. Several permanent housing neighborhoods connect to the South and West of the property as well as major timeshare and golf communities. This property supports both the local permanent population as well as the 9+ Million yearly Branson visitors. This property was one of the first Branson shopping centers developed and has maintained good occupancy levels since its opening. SaleValue add opportunity. The center recently lost a long-time large tenant which has caused an abnormal larger vacancy rate. The property has been priced based on the current occupancy levels with a large upside after renting the current 10,000 sq. ft vacant spaces. Current has lease 3750 sq. ft. at $9.60 gross per sq ft for two years bringing the current occupancy to 85%. The current out-of-area owner wishes to retire after owning this property for nearly twenty years. Strong local retail market with occupancy levels at 97% market-wide. Lease1250 to over 5000 ft. suites For Lease. The recent large tenant has outgrown the center and has moved, leaving several suits in various sizes for lease. Three to Five Year lease terms available. Current lease rates including Common Area Maintenance Fees total just over $10.84 per sq. ft. or $1130 to $4500 a month for a larger suite.

Additional parameters
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The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.