$2,149,000 USD
602-687-6780
631 S Glenstone Ave
Springfield, MO 65802
East Springfield
HIGHLIGHTS
- 7+ Years Remaining on Corporate Lease with Starbucks (NASDAQ: SBUX) (Early 5 Year Lease Renewal)
- Starbucks Fully Remodeled the Site in 2023
- 165,372 Residents within a 5-Mile Radius in Growing Springfield Trade Area - Households and Population to Increase 2-3% in the Immediate Area
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- One Mile from Missouri State University (27,000 Students) and Evangel University (2,700 Students) and Two Miles from Downtown Springfield
- Frontage Along Glenstone Avenue with Nearly 39,000 Cars per Day at the Corner of Glenstone Avenue and Cherry Street
FOR SALE DETAILS
PRICE
$2,149,000 USD
PRICE/SF
$996 USD /SF
CAP RATE
5.6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks | Longstanding Site
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.8 AC
LAND SF
34,848 SF
ZONING
-
APN/PARCEL ID
12-19-401-034
ASK ABOUT THIS PROPERTY
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602-687-6780
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602-687-6780
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