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921 S Jefferson
Lebanon, MO 65536
18,240 sqft
$999,990
Details
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.
Specs
Type Commercial
Square Footage 18,240 sqft
Lot Size 1.45 acres
Taxes Paid $1,491
Lots & Building Features
Cooling Electric
Heating Forced Air
Parking Description Asphalt
Sewer Public Sewer
Tax Year 2023
Water Public
Room Details
Misc Description Delivery Door, Loading Docks, Sprinkler System, Wheelchair Access
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Area
City Lebanon
County Laclede
Subdivision Ritz 8