Marcus and Millichap is pleased to announce the opportunity to acquire a three-story +/- 31,881 square foot corporate and sales office building (“Property” or “Asset”) located at 240 Terrace Road in Branson, Missouri (Springfield-Branson MSA). The Asset is 100% occupied on a long-term NNN to Wyndham Vacation Ownership, Inc., with Wyndham Worldwide Corporation as the guarantor (“Tenant”). The Tenant just executed a 5-year lease renewal, extending the firm lease term through April 2030.

The Asset was constructed in 1993 and previously served as a multi-tenant building, prior to a full renovation for the Tenant in 2013 as part of their long-term lease. The Asset sits on a large +/-3.99-acre parcel and a robust +/-6.87 per 1,000 SF parking ratio. The building is perched on a hillside adjacent to Highway 156. In addition, this corporate office is strategically located overlooking the Club Wyndham Branson at the Meadows, a premier Wyndham Destination hotel.

This high-quality single tenant NNN leased office Asset provides secure cash flow with a long-established tenant utilizing the site as a key corporate and sales office. Additionally, this large and well-located site, with significant existing infrastructure, provides future ownership with long-term appreciation potential due to the underlying value of the real estate and rising construction costs. The Asset will be transferred free and clear of existing financing