Boonville, MO - First Student
$629,000
1270 Locust St, Boonville, MO 65233
For Sale
Industrial
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
Location

Gallery





