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Lebanon,MO 65536
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 18,240 sqft
Price per Sqft $46
Subdivision Ritz 8
MLS Listing ID MIS24077380
Lot Size 1.450 Acres
Property Sub-Type Retail
Property Description
As a kid did you ever dream of owning a theatre? Well this is the next best thing... buy the building and the land!!!
The Lebanon Ritz 8 building is listed for sale for the first time ever! Built in 1992 for the current tenant, this is a building with a proven record of cash flows. Building is currently leased through 9/30/2029 with built in renewal option(s) and increases on 5 year increments. As the only theatre in a growing town, it has and is set to remain a landmark in the community.
Listed with an over 8% CAP rate, this is a great investment opportunity to build long term wealth. Lessor only responsible for land taxes and roof maintained. Current tenant has been in for 30+ years!!! Purchase also comes with 1/3 ownership of the parking lot and, if you've sharpened your pencil you'll realize that this is a VERY attractive deal for the savvy investor. Some Accessible Features Location: High Traffic
Location
State MO
County Laclede
Area 826 - Lebanon City Limits
Interior
Heating Forced Air
Cooling Central Air,Electric
Exterior
Parking Features false
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Water Available,Sewer Available,Phone Available
Roof Type Flat
Building
Lot Description Sprinklers In Front,Sprinklers In Rear
Sewer Public Sewer
Water Public
Structure Type Other
Others
Special Listing Condition Standard