603 S Springfield Ave - Retail FOR SALE


Bolivar, MO 65613
$672,000 USD
925-231-1770
603 S Springfield Ave, Bolivar, MO for Sale
$672,000 USD
Retail - FOR SALE
1/1
null | 7.5% Cap Rate

603 S Springfield Ave
Bolivar, MO 65613


HIGHLIGHTS

  • 10 Year Absolute NNN Ground Lease
  • Zero Landlord Obligations
  • 3-Unit Operator and Guarantee
  • 10% Rental Increases Every 5 Years
  • Drive-Thru Location
  • Prime Location along South Springfield Ave

OVERVIEW

This is an opportunity to acquire a freestanding Scooter’s Coffee in Bolivar, Missouri, with a 10-year absolute NNN ground lease. The lease is guaranteed by a reliable 3-unit operator. It includes four, five-year renewal options and 10% rent increases every five years. The property benefits from its strategic location along S Springfield Avenue, one of the main thoroughfares through Bolivar, with easy access to U.S. Route 13, a key highway in the region. This prime location is further enhanced by its proximity to Southwest Baptist University, bringing additional foot traffic to the area. The site sits adjacent to a free-standing new construction Domino’s and is surrounded by tenants such as Sonic Drive-Thru, The Bank of Missouri, Little Caesars Pizza, Woods Supermarket, AutoZone, McDonald’s, Verizon, O'Reilly Auto Parts, Dairy Queen Grill & Chill and more. In Association with ParaSell, Inc. | A Licensed Missouri Broker #2019035835

FOR SALE DETAILS

PRICE

$672,000 USD

PRICE/SF

$791 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 Yr Absolute NNN Ground Lease Scooter's

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

18,000 SF

ZONING

-

APN/PARCEL ID

8911010200400101700

ASK ABOUT THIS PROPERTY

Jacob AbusharkhThe Kase GroupMore Info
925-231-1770

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Jacob AbusharkhThe Kase GroupMore Info
925-231-1770

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