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Boonville, MO - First Student

$629,000

1270 Locust St, Boonville, MO 65233

Active
Last Updated: 08/08/2025

5.23

Cap Rate

32,900

NOI

Details:
Cap Rate:    5.23%
NOI:    $32,900
Building Size:    4,800 sqft
Description:

• Leased to First Student, a nationally recognized leader in K–12 student transportation with more than 545 locations and $2.65 billion in 2024 revenue
• The lease is backed by the corporate entity, offering strong credit quality and income stability for investors
• Includes 5 (1-Year) lease renewal options with a 5% rent increase at
the beginning of the first option, reinforcing long-term occupancy and predictable cash flow

• Strategically located along Locust Street, a key local thoroughfare providing direct access to the heart of Boonville
• Less than one mile from Main Street, offering seamless connectivity to residential and commercial nodes

Map:
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