4415 McMaster's Avenue, Hannibal, MO

4415 McMaster's Avenue Hannibal, MO 63401

4415 McMaster's Avenue, Hannibal, MO, 63401
4415 McMaster's Avenue, Hannibal, MO
4415 McMaster's Avenue, Hannibal, MO, 63401
FOR SALE FOR LEASE
Property Type:
Neighborhood Center
Amount:
$1,950,000
Last Verified:
Dec 31, 2020

Highlights


Description

We are pleased to bring to the market the Sutherland Lumber Company retail property. This is a unique opportunity for an investor to acquire a retail property with significant upside potential. An Aldi grocery store is attached as a shadow anchor. The approximate 80,880 square feet of contiguous space presents the opportunity for large retail space users or can be divided(which will provide an additional upside to increase the rental income). There is undeveloped outlot potential. This property is located along the main retail corridor of Highway 61/McMaster's Ave. with approximately 355 feet of frontage. A franchisee Taco Bell owner sits in an outlot position on the property.

This investment offers an excellent upside opportunity for an investor to be an owner/user or to offer for lease upon a large chunk of prime retail, real estate along the most active retail corridor in the area with traffic 25,256 VPD(MODOT 2015)

We are pleased to bring to the market the Sutherland Lumber Company retail property. This is a unique opportunity for an investor to acquire a retail property with significant upside potential. An Aldi grocery store is attached as a shadow anchor. The approximate 80,880 square feet of contiguous space presents the opportunity for large retail space users or can be divided(which will provide an additional upside to increase the rental income). There is undeveloped outlot potential. This property is located along the main retail corridor of Highway 61/McMaster's Ave. with approximately 355 feet of frontage. A franchisee Taco Bell owner sits in an outlot position on the property.

This investment offers an excellent upside opportunity for an investor to be an owner/user or to offer for lease upon a large chunk of prime retail, real estate along the most active retail corridor in the area with traffic 25,256 VPD(MODOT 2015)

Hannibal, Mo is located in Marion and Ralls County and is a community of approximately 18,000 people. The community's trade area serves an estimated 39,180 residents of rural Missouri and Illinois, and is located along the Mississippi River in northeast Missouri, approximately 100 miles north of St. Louis. The community is intersected by Highway 61 (Avenue of the Saints) and Highway 36 (Chicago to Kansas City Expressway). Hannibal provides convenient, four-lane highway access to St. Louis, Kansas City, Chicago, Memphis, Des Moines, and Minneapolis.

Building Size: 80800sq ft
Lot Size: 8.28 acres

Units for Lease

4415 McMaster's Avenue, Hannibal, MO 63401
Space Available: 80880 SF
Lease Type: NNN

Map of 4415 McMaster's Avenue, Hannibal, MO, 63401

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.