$999,990
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921 S Jefferson Lebanon, MO 65536
General Commercial
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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 cur...rently 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.
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MLS#
24077380
Property Type
General Commercial
Lot Size
1.45
Sewer
Public Sewer
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