3265 Falls Pkwy Branson, MO – 15 Units
Cash flow from Day 1 and Upside!
Short Term Owner Financing Terms!
46,360 sq ft
94% occupied
2 vacant units – 1 may be filled by closing
All NNN Lease tenants except for 2
5+ acres
Built – 1993 and renovated in 2018
Located 1 mile from the Branson Theatre District
Branson had 10.2M visitors in 2022
Branson’s tourism season is 10 months long providing a more stable income stream compared to other tourist destinations.
Roof was replaced in 2021
Several HVACs and compressors have been replaced in the last 24 months
Gutter guards installed on a portion of the building and repaired exterior where there was water erosion.
Purchase price - $6,525,000
Down payment - $1,350,000
Wraparound Mortgage (bank has approved) - $5,175,000
Payments - $24,000 principal only
Term – 20 months
Balloon payment - $4,695,000
NOI is higher than anticipated. Several tenants did not pay CAM last year and will be on the books to pay this year. Check out these numbers:
Base rent $569,595
Expense reimbursement income
CAM $45,655
Insurance $16,316
Taxes $51,120
Management $39,168
Total Reimbursement Income $152,259
Effective Gross Income $721,853
Expenses: CAM
Utilities $33,610
Trash $0
Repairs $1,903
Landscaping $6,046
Snow Removal $870
Parking Lot $9,371
Insurance $18,513
Taxes $58,000
Management $34,728
Total Expenses $163,041
Net Operating Income $558,812
Taxes are estimated based on the sale. Everything else has either been bid out or
taken an average from the last 3 years plus 5%.
One of the two vacant units will be filled on October 1 st . The new tenant will pay $1,354
per month in base rent on a NNN lease. That will add approximately $20,000 to the
NOI. The NOI will be over $600K by the time you refinance this property. At $600K NOI
and a market cap of 8% you have a value of $7.5M. With the principal pay down of the
loan you will owe $4,695,000. After the $1,350,000 down payment, you will have $1M-
$1.5M+ in equity within 20 months!
Cash flow of $20,460 per month or $245,526 for year 1 COC return – 15% (includes $200K for capex. Not needed but always nice to plan for it.)
We will provide a short period of time for due diligence where your earnest money is refundable. For serious investors you will need to reserve the property with a $75,000 refundable earnest money deposit.
Please do not send this email out to anyone without our permission.
PLEASE DO NOT DISTURB THE OCCUPANTS
***Wholesalers Please do not re-market***
Inspection by appointment only!
For more information or to reserve this property,
Contact Rebecca at 801-865-4167
For serious buyers, we can get you in the property.
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PROPERTIES ARE FIRST COME, FIRST SERVE AND SOLD IN "AS IS" CONDITION!
PROPERTIES ARE ONLY AVAILABLE TO CASH BUYERS WHO CAN CLOSE QUICKLY.
BUYERS MUST DO THEIR OWN DUE DILIGENCE BEFORE MAKING AN OFFER!
Thank you for taking a look!