TRIPLE NNN ASSET

803 South Main Street, Saint Charles, MO

12.75% return

SP: $799,900

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Property Description

PRIME HISTORIC MAIN STREET MIXED-USE NNN ASSET. Turnkey 5,001 SF commercial building. Positioned directly on the official city parade and festival route drawing over 1,000,000 annual visitors. Pure NOI: $102,000/yr, at $8,500/mo NNN. Lease Structure: Absolute NNN 10-Year Corporate Master Lease LOI (Tenant pays 100% of taxes, insurance, utilities, and maintenance). Anchor Tenant: 100% occupied by an established Pediatric Speech Pathology practice and specialized educational tutoring center. Layout: 1,700 SF front commercial frontage + 3,300 SF rear clinical/tutoring suites. Stabilized Valuation (ARV): $1,200,000 - $1,457,000+ (7.0%-8.5% submarket cap rate basis).

Property Information

Listing statusActive
Property typeMulti Family
Total units1
Total bedrooms(unknown)
Total bathrooms0
Building size5,001 sq. ft.
Lot size0.2 acres
Year built1904

CountySt. Charles County
Subdivision
ConstructionFrame
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingCentral
CoolingCentral

Property Financial Summary

Sale price$799,900
Estimated rehab¹$0
Total investment$799,900

TypeProforma

Gross income (annually)$102,000
Operating expenses (annually)$0
Net income (annually)$102,000
Gross return12.75%

Gross income (monthly)$8,500
Operating expenses (monthly)$0
Net income (monthly)$8,500
Net return12.75%

Property Income & ExpensesMonthlyAnnual

Income

Unit : studio / 0 bath$8,500/month$102,000/year
Total$8,500/month$102,000/year

Expenses

No expense records for this property.

Total$0/month$0/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.