Positioned in the fast-growing Hollister market just south of Lowe's along Highway 65 and west of the Hollister Industrial Park, Southtowne Retail Center is a well-located 10,500 SF investment property offering stable income and recent capital improvements. Built in 2001 on approximately 1.6 acres (368' frontage, 368' 188'… Read More m/l lot) and zoned CR, the center is fully occupied by a mix of restaurant and retail tenants.Tenant mix: El Patio Restaurant: 4,500 SFVapor 100: two 1,500 SF bays (165A & 165B)Magnolia Rose Boutique: two 1,500 SF bays (165C & 165D)Financial Highlights Asking Price: $1,630,000 NOI: $136,633 Cap Rate: 8.4% Total Annual Income: $162,864 (including $8,064 billboard revenue) Current leases extend through late 2028, with Magnolia Rose Boutique leases commencing January 1, 2027 and running through 2032 Proforma is below and leases available upon requestRecent upgrades include a new roof and approximately $20,000 in mechanical work completed. The property benefits from high-visibility Highway 65 access near the College of the Ozarks intersection, strong local traffic, and proximity to retail and industrial activity in the Hollister/Branson area.Ideal for an investor seeking a turnkey retail center with in-place income, modest upside potential as newer leases take effect, and a solid 8.4% capitalization rate in a growing Missouri market. Read Less
Courtesy of Galen B Pellham, Murney Associates - Primrose.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Retail
Full Baths
5
Square Ft.
10,500
Lot Size
1.6 Acres
Year Built
2001
MLS Number
60337086
Additional Details
Building
Built in 2001
Cooling
Electric, Central Air
Heating
Floor Furnace, Gas
Lot
1.6 acres, Dimensions: 368X188.9
Parking
20+ Spaces
Property
City
Roof
Metal
Taxes
Parcel Number: 17-4.0-17-000-000-003.009, Public Survey Section: 17, Annual Amount: $11,055.8, Legal Description: SOUTHTOWNE CENTER LT 1; CITY OF HOLLISTER, Year: 2025
Utilities
Water Available, Natural Gas Available, Electricity Available, Separate Meters
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