Marcus & Millichap is pleased to present a 19,799-square foot, multi-tenant shopping center, located in Branson, Missouri. This 68 percent occupied property boasts two national tenants; Pizza Hut and Cherry Berry Frozen Yogurt, in addition to four local tenants that include: Body Works Day Spa and Salon, Mail Box Plus, Branson Cigar Company, and Branson Karate. Branson is an Ozark town, located in the Ozark Mountains, in southwest Missouri known as a family vacation destination. Its 76 Country Boulevard is famously lined with theaters, which once hosted mostly country music performers but today presents diverse entertainment. The population in this area is growing with a current population of 26,876 in a five-mile radius and an estimated 9.24 percent growth in the next five years. Sales Info: ■ Cap rate: 8.48% ■ NOI: $81,437 Location Description: This property is a strong trade area in Branson, Missouri, less than a mile south of the famous 76 Country Boulevard. The subject property is located near many hotels, restaurants, entertainment and other retail, including; Raddison, Marriott, Lone Star Steakhouse, Walmart, Panera, Holiday Inn, Pirate's Cove, Super 8, Comfort Inn, Hollywood Wax Museum, Titanic Museum, Ruby Tuesdays, Domino's Pizza, and two wineries. Highlights: ■ Attractive, Well-Built by Acclaimed HCW Development - Great Trade Area ■ Popular Vacation Destination | 10 Million Plus Visitors per Year ■ Busy Corner Location with 2.17 Acres ■ Abundant Parking ■ Value-Add Opportunity, 32 Percent Vacant ■ Return Jumps to 13.64 Percent upon 100 Percent Occupancy ■ Under Written with Management; Self Manage and Increase Occupancy to 100 Percent, Return Increases to 14.19 Percent « show less
Marcus & Millichap is pleased to present a 19,799-square foot, multi-tenant shopping center, located in Branson, Missouri. This 68 percent occupied... show more »
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