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Price Cutter, Monett, MO

Price Cutter

Monett, MO

Price $3,188,000
Cap Rate 8.00%
NOI $255,000
Lease Term 5.5 Years with 4.5 Years Remaining
Lease Type Absolute NNN Lease, With Tenant Responsible For All Taxes, Insurance, Maintenance, And Repair, Including Roof, Structure, And Parking Lot
Rental Increases None
Year Built 2000
Building Size 46,703 SF
Lot Size 4.83 Acres (210,395 SF)
Status Available
Lead Broker Information Scott Crowle
Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

ABSOLUTE NNN LEASE TO STRONG GROCERY TENANT
» Absolute NNN lease with four (4) five (5)-year option periods
» NNN lease provides an ideal passive investment for an out-of-area investor
» Price Cutter is a member of Associated Whole Grocer (“AWG”), the largest cooperative food wholesaler to independently owned supermarkets and grocery stores in the U.S.
» Pharmacies are located in 26 stores and Starbucks with free Wi-Fi are located within 14 Price Cutter locations

EASILY-ACCESSIBLE LOCATION ALONG PROMINENT MONETT RETAIL/COMMUTER CORRIDOR
» High visibility location on East Cleveland Avenue, a prominent Monett retail/ commuter corridor connecting U.S. Route 60 to State Route 37
» Beneficial proximity to high-traffic Monett thoroughfares, including U.S. Route 60 (10,516 AADT)
» 49,284 residents within a fifteen-mile radius of the location
» Projected 11 percent average annual household income increase within five miles of the site in the next five years, poising Monett and Price Cutter for significant concurrent growth
» Population increases are projected within five-mile, 10-mile, and 15-mile radii over the next five years

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Surrounded by several high-profile national retailers, including Walmart Supercenter, Lowe’s, Dollar General, Sonic Drive-In, Little Caesars, Dairy Queen, and many more
» Centrally located in the Monett R-I School District (five schools, combined 2,429 students)
» New $42 million Cox Monett Hospital (25 beds, 349 employees) opened 1.5 miles from the site on January 22, 2021
» Beneficial proximity to popular Monett recreational hubs, including Monett Motor Speedway and Windmill Ridge Golf Course
» Excellent location in a major commuter corridor, with close proximity to several high density single-family developments



Property Description

The property is strategically located on East Cleveland Avenue, a prominent Monett retail/commuter corridor connecting U.S. Route 60 to State Route 37. The site also resides near other high-traffic Monett thoroughfares, including U.S. Route 60 (10,516 AADT). There are 49,284 residents living within a fifteen-mile radius of the location. The property is primed to grow along with the surrounding area, with a projected 11 percent average annual household income increase within five miles of the site in the next five years. Population increases are also projected within five-mile, 10-mile, and 15-mile radii over the next five years.

Centrally located in Monett, the property is close to important community amenities, large employers, and popular recreational areas. The site is surrounded by several high-profile national retailers, including Walmart Supercenter, Lowe’s, Dollar General, Sonic Drive-In, Little Caesars, Dairy Queen, and many more. The property is located in the heart of the Monett R-I School District, which features a combined five schools and 2,429 students. The property maintains a beneficial proximity 1.5 miles from the new $42 million Cox Monett Hospital (25 beds, 349 employees, opened January 22, 2021). Additionally, the site also maintains a beneficial proximity to popular Monett recreational hubs, including Monett Motor Speedway and Windmill Ridge Golf Course. The site features an excellent location in a commuter corridor, with close proximity to several high-density single-family developments.

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