
Courtesy of: John Maxwell, Platinum Realty LLC, john@johnmaxwellrealtor.com
$58,000
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Lot: 0.07 Acres
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Other
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$58,000
108 Grand Avenue 108 Grand Avenue presents a rare opportunity to acquire a federally-leased commercial property with a long-term, government-backed tenant. The U.S. Postal Service has operated from this location serving the Forest City, Missouri community (ZIP 64451), providing investors with a stable, creditworthy income stream backed by the full faith of the United States government. - Government Tenant - USPS is a federal agency providing effectively zero credit risk for the lease term. - Long Lease Runway - Lease runs to April 30, 2029 with an option extending through April 30, 2034 - potentially 9+ years of remaining term. - New Roof (2023) with 7-Year Warranty - Replaced during the 2023 renovation, protecting the investor from near-term capital expenditures. - Closed-Cell Spray Foam Insulation - Upper envelope fully spray-foamed with closed-cell foam, dramatically reducing heating and cooling loads and improving structural rigidity. - Updated Interior - Original walls resurfaced with new drywall during the 2023 renovation. Fresh, well-maintained interior throughout. The listing agent is the owner. We have owned this property since 2022. There are no outstanding maintenance items. This is cheaper than a Single Family Home, with so much less to take care of.
Courtesy of: John Maxwell, Platinum Realty LLC, john@johnmaxwellrealtor.com
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