1503 S Range Line Rd - Service Station FOR SALE


Joplin, MO 64804
$4,307,000 USD
312-690-6274
1503 S Range Line Rd, Joplin, MO for Sale
$4,307,000 USD
Service Station - FOR SALE
1/7
null | 5.65% Cap Rate

1503 S Range Line Rd
Joplin, MO 64804


OVERVIEW

-ABSOLUTE NNN LEASE: There are zero landlord responsibilities as the tenant is directly responsible for all CAM, taxes, insurance, as well as roof and structure. This provides a hands-off, passive investment opportunity to an investor. -CORPORATE GUARANTEE: The lease is backed by Kum & Go L.C, with Maverik being the parent company, one of the largest convenience store operators with 800+ locations nationwide. -LONG-TERM LEASE WITH RENTAL ESCALATIONS: There are approximately 9 years remaining on the primary lease term providing a stable investment opportunity. The lease features four, 5-year options to extend with 8% rental increases every five years to hedge against inflation. -SIGNALIZED INTERSECTION I MULTI ACCESS CORNER LOT: This asset is strategically positioned on S Rangeline (US-71) which is the primary retail corridor in Joplin, MO (±35,000 VPD). The property benefits from multiple points of ingress and egress, ensuring easy customer access. Proximity to major highways such as I-44 and I-49 further supports traffic flow and accessibility. -DENSE RETAIL CORRIDOR: This property is surrounded by high-performing national and regional tenants, driving consistent customer traffic to the area. Nearby tenants include Walmart, Aldi, Lowe’s, Chick-fil-A, Starbucks, and many others. -40% BONUS DEPRECIATION IN YEAR ONE: Fee simple ownership of a Gas Station provides the landlord the opportunity to us the accelerated Bonus Depreciation Model (Consult with your CPA). Broker of Record Kyle Matthews License No. 2022018843 (MO)

FOR SALE DETAILS

PRICE

$4,307,000 USD

PRICE/SF

$882 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kum & Go - White Oak Station

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

Commercial

APN/PARCEL ID

20-3.0-07-30-004-022.004

ASK ABOUT THIS PROPERTY

Nick SeltzerMatthews Real Estate Investment ServicesMore Info
312-690-6274

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Nick SeltzerMatthews Real Estate Investment ServicesMore Info
312-690-6274

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