3242 S Stewart Ave - Freestanding FOR SALE


Springfield, MO 65804
$2,690,000 USD
417-818-8894
3242 S Stewart Ave, Springfield, MO for Sale
$2,690,000 USD
Freestanding - FOR SALE
1/8
null | 6.73% Cap Rate

3242 S Stewart Ave
Springfield, MO 65804


HIGHLIGHTS

  • Tenant funding Signiant renovation improvements both interior & exterior showing their long-term commitment to the site.
  • Operator & Guarantor owns 6 other K-Pot locations.
  • 5 year initial term with 2% annual escalations.
  • Two 5 year renewal options with 5% initial increase and continued 2% annual escalations thereafter.
  • Landlord responsible for roof and foundation.
  • Tenant responsible for all other repairs and maintenance.

OVERVIEW

SVN is please to present this net leased restaurant investment for sale. KPot Korean BBQ & Hot Pot is finalizing extensive renovations after signing a 5-year lease in 2024. K-Pot is a growing concept with over 160 locations, including dozens currently under development. The site is conveniently located near the largest concentration of Springfield's high trac retail, including less than 1/2 mile from Simon's Battlefield Mall with 1.2 million square feet and over 12 million visitors per year.

FOR SALE DETAILS

PRICE

$2,690,000 USD

PRICE/SF

$416 USD /SF

CAP RATE

6.73%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

84

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

GR

APN/PARCEL ID

19-05-303-189

ASK ABOUT THIS PROPERTY

Lee McLeanSVN | Rankin Company, LLCMore Info
417-818-8894

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Lee McLeanSVN | Rankin Company, LLCMore Info
417-818-8894

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.