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Listed by Galen B Pellham Murney Associates - Primrose
$ 1,630,000
Est. payment /mo
New
165 Southtowne Boulevard Hollister, MO 65672
5 Baths
10,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Sale
Listing Status Active
Purchase Type For Sale
Square Footage 10,500 sqft
Price per Sqft $155
Subdivision Southtowne Center
MLS Listing ID SOM60337086
Full Baths 5
Year Built 2001
Annual Tax Amount $11,055
Tax Year 2025
Lot Size 1.600 Acres
Acres 1.6
Lot Dimensions 368X188.9
Property Sub-Type Commercial Sale
Property Description
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' 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.
Location
State MO
County Taney
Interior
Heating Floor Furnace, Gas
Cooling Electric, Central Air
Fireplace N
Exterior
Parking Features 20+ Spaces
Utilities Available Water Available, Natural Gas Available, Electricity Available, Separate Meters
Waterfront Description None
View City
Roof Type Metal
Garage No
Tracey Lightfoot
Broker / Partner License ID: 2013014900
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