Gerbes

Description:

Gerbes has operated at this location uninterrupted since 1971.  Well over a half million dollars was spent by the tenant for the latest renovation done in 2024.  Robust sales produce an outstanding +1% ratio of rent / sales. They recently extended their commitment 10 years.  The store front and its signage is clearly visible from the busiest intersection in Jefferson City; Truman Boulevard & State Highway 179 (a/k/a Commerce Drive) with nearly 24,000 vpd.  There are 3 points of full turn ingress/egress from both thoroughfares.   


With a current population over 43,000, Jefferson City is the 15th most populous city in the state of Missouri and is the capital for the state. The population is
projected to increase 1.2% over the next five years to over 44,000 residents. Jefferson City has a metropolitan population exceeding 153,000 residents and is
projected to grow by 1.7% over the next five years to over 156,000 residents. The average household income for Jefferson City is $67,526, and the metro average
household income is $73,172.
Jefferson City, the seat of Cole County, is home of the Missouri Legislature, Missouri Supreme Court, and many offices that house various state departments.
As the state capital, Jefferson City attracts and retains a highly skilled and educated workforce. More than 20 different industry sectors make up the economic
base of Jefferson City, including government, manufacturing, healthcare, finance, hospitality and education. The city assures a strong pool of talent for area
businesses and continues to attract new businesses resulting in new job growth.

The property is located on the southeast corner of the intersection of Truman Blvd and Commerce Dr in Jefferson City. The intersection offers one of the highest
traffic counts in the area with an estimated 23,528 vehicles per day. The corridor is anchored by Gerbes Supermarket, Unilever Home & Personal Care (467
employees), Sonic-Drive in, and multiple local and statewide government divisions.



new 10 year, absolute NNN lease
robust sales
uniterupted operating history since 1971
Gerbes is a Kroger company