QSR Development Opportunity Wal-Mart Out Lot Festus MO

606 S Truman Blvd South Truman Boulevard Festus, MO 63028

606 S Truman Blvd South Truman Boulevard , Festus, MO, 63028
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FOR SALE
Property Type:
Outlet Center
Amount:
$849,900
Cap Rate:
0.00%
Last Verified:
May 24, 2024

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This prime QSR site is next to Panda Express at the Wal-Mart Supercenter Out Lot on S. Truman Blvd (U.S. Highway 61-67), which has 83 feet of frontage on U.S. Rt 61-67-S. The site includes a 30-foot Ingress-Egress Easement with Panda Express and has no deed restrictions on possible use. This commercial lot spans 36,432 SF (0.75 Acres) with 83 feet of frontage on S. Truman Blvd, situated in a high-traffic corridor with 14,117 VPD on Truman Blvd. National retailers in the area include Panda Express, Arby's, Mobile on the Run, and Murphy USA, with Sonic, McDonalds, and Walgreens across the street. Culver's, Krabby Daddys, and Pizza Hut are situated north of this location. Currently, a 1,656 SF single-story dental office is on the parcel. Priced to Sell: $849,900- $23.33 per square foot. This is an ideal location for a wide variety of QSR Retailers wanting to enter the Festus market. No other high-visibility parcels are available, making this site in much demand.
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Map of 606 S Truman Blvd South Truman Boulevard , Festus, MO, 63028

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.