Texas County Commercial Real Estate
337 Ozark Street, Cabool, MO 65689

Join us in-person and online for an exciting Commercial Real Estate Public Auction on Friday, May 31st at 1pm at 337 Ozark Street, Cabool, Missouri 65689. Gary Sexton presents a Texas County Commercial Real Estate opportunity of a former Sonic Restaurant. This property boasts a high traffic count location, is approximately on a 1/2 acre level lot, with over 1,300 sq. ft of commercial structure, a concrete paved lot, and enticing features like awnings, patio area, and signage frames. Don't miss your chance to bid on this unique opportunity for an Outstanding Business Location. Thanks for attending!

Texas County Commercial Real Estate - Former Sonic Restaurant

At Public Auction:
• High Traffic Count Location
• Approximately 1/2 Acre Level Lot
• Over 1,300 Sq. Ft Commercial Structure
• Concrete Paved Lot
• Awnings - Patio Area - Signage Frames

Sale Date & Time:
Friday, May 31 at 1pm

*Bid In-Person or Online With LIVE Internet Bidding!

Location:
337 Ozark Street, Cabool, Missouri 65689

Inspection: Drive by Welcome. 

Terms: 10% Down Escrow Day of Auction. Winning Internet Bid Must Escrow by Monday, June 3 at 5:00pm

Conditions: Highest Bid To Be Submitted To Sellers - Any Reasonable Offer Will be Contracted. Low Starting Bid of $25,000!

For Inquiries: Contact Gary Sexton at 417-255-7001, Gary@GarySexton.com or visit GarySexton.com

Lots:
3-4-5 BLK 12 Town of Cabool, MO
Sec.:
12-28N-RNG-11W

30-0.1-12-002-023-003.00

Auctioneers Notes: An Outstanding Business Location! The former Sonic Restaurant Commercial Real Estate Property located in Cabool, MO does not include any Sonic Corporation signage, menus, or logos. All Sonic Corporation-owned items will be removed by auction day, including any personal effects.

Terms and Conditions for Camp Real Estate Public Auction

Real Estate Property only is being sold through Gary Sexton Auctioneers Real Estate Simulcast auction process. Bidding is open now and starts at $25,000.

Winning bidder of the real estate will have to place 10% down escrow due on Tuesday, November 7, 2023. Balance due on closing in 30 days. Property sales subject to any restriction of record. Bidding is NOT contingent upon financing. Immediately following the auction, the winning bidder(s) will be required to sign a real estate contract and pay ten percent (10%) of the purchase price as a non-refundable down payment (Have All Financial Arrangements Made Prior to Sale!) The 2023 real estate taxes will be prorated to the date of closing. All announcements made sale day take precedence over prior advertising either written or oral. This information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or by Gary Sexton Auctioneers LLC pertaining to this property. Real Estate is being sold as is.

• Bidding Process and Requirements:

  • The online real estate auction is open for bidding on the property only.
  • Bidders must register with valid and accurate information to participate in the auction.
  • By placing a bid, bidders acknowledge their understanding and acceptance of these terms and conditions.

• Payment Terms:

  • The successful bidder is required to pay a non-refundable deposit of 10% escrow of the final bid amount on the day of the auction (Tuesday, November 7, 2023).
  • The balance of the bid amount is due on the closing date, as specified in the auction details.
  • Accepted payment methods will be communicated to the successful bidder during the closing process.

• Acceptance of Offers:

  • Any fair and reasonable offer, as determined by the seller, will be considered and may lead to the acceptance of the bid before the auction's scheduled closing time.
  • The seller reserves the right to accept or reject any offer, even if it meets or exceeds the reserve price, for any reason deemed appropriate.

• Property Information:

  • All property information provided in the auction listing is based on available records and details provided by the seller or their representatives.
  • Bidders are encouraged to conduct their due diligence and seek professional advice before placing a bid.

• Auction Start Time:

  • The in-person auction will start at approximately 10:00 AM CT on Tuesday, November 7, 2023. The Real Estate Auction for the Property Only Starts at 10am CT Sharp (with Internet Bidding!)
  • In the event of a last-minute bid or technical issues, the auction closing time may be extended to allow all bidders a fair opportunity to place their bids.

• Binding Agreement:

  • The highest bid received and accepted by the seller constitutes a legally binding agreement between the seller and the winning bidder.
  • The winning bidder is obligated to complete the purchase and fulfill all payment terms outlined in these terms and conditions.

• Reserve Price:

  • The seller may set a reserve price, which is the minimum amount they are willing to accept for the property.
  • If the highest bid does not meet or exceed the reserve price, the seller reserves the right to reject the bid and retain ownership of the property.

• Right to Withdraw:

  • The seller reserves the right to withdraw the property from the auction at any time before the closing date, for any reason, without liability to any bidder or participant.

• Auction Conduct:

  • Any misconduct, fraudulent activities, or attempts to manipulate the auction process will result in immediate disqualification and potential legal action.

• Legal Compliance:

  • Bidders are responsible for complying with all local, state, and federal laws and regulations related to real estate transactions and online auctions.

• Modifications to Terms and Conditions:

  • The seller reserves the right to modify these terms and conditions at their discretion, with any changes being posted on the auction platform.

By participating in the online real estate auction, bidders signify their acknowledgment and agreement to these terms and conditions.

THIS IS A LIVE IN-PERSON AND ONLINE AUCTION