Commercial - Clinton, MO
Seller lease back at $675 per month. 18% cash on cash return. See attached summary Same location same phone number for 22 consecutive years. Lease term will begin day of closing with a base term of 3-years and include 3-three year options with bumps beginning in third option. See sample lease or provide your own for Tenant review. New roof 2015, structural inspections proved building sound in, 2007, 2012 & 2015. Approximately 1,300 sq ft on lower and upper level to total 2,800 sq ft +/- total. Upper level is currently underutilized and vacant. Business and all business equipment can be purchased with building for an additional cost of $36,000.00. The downtown square serves as a center for community commerce and public affairs (The square also serves as a parking lot.) It features a central courthouse and numerous shops, stores, and eating facilities. Clinton is home to Harry S Truman Lake 55,000 acres of water and 110,000 acres of public use land. Several important state highways intersect at Clinton, and a cluster of "big-box" stores, as well as several "national-chain" motels, are located in that area. Smaller motels are found on the outskirts of town on all sides. Population of city 10,000, county 20,000, trade area 100,000.
Would you like more information regarding this property?
Please call (660) 885-2201.
Data Provided by:
West Central AoR (MO)