2301 N Baltimore St - Fast Food FOR SALE


Kirksville, MO 63501
$3,095,900 USD
248-419-3271
2301 N Baltimore St, Kirksville, MO for Sale
$3,095,900 USD
Fast Food - FOR SALE
1/4
null | 6% Cap Rate

2301 N Baltimore St
Kirksville, MO 63501


HIGHLIGHTS

  • New 2025 Upgraded Prototype Build w/Drive-Thru, No Early Termination Clause in Lease.
  • 15 Year Double Net Lease with 7.5% Rent Increases Every 5 Years, Double Net Lease Requires Minimal Landlord Responsibilities.
  • Rent Increases During Initial Term Increase Avg Cap Rate to 6.62%, Four, 5-Year Option Periods with 7.5% Rent Increases Each.
  • Hobby Lobby Anchored Shopping Center Outparcel.
  • Excellent Traffic Visibility to Over 15,730 VPD at Signalized Corner.

OVERVIEW

Fortis Net Lease is pleased to present a prime investment in a new construction, upgraded prototype Starbucks located in Kirksville, MO. This 2,447 SF building is equipped with a 15 year double net lease providing 7.5% rent increases every 5 years including each of the four, 5-year option periods. The subject property is an shadow anchored by a Hobby Lobby shopping center with additional national tenants. The prime, signalized corner lot provides excellent visibility to over 15,730 vehicles per day. N. Baltimore Street is a major retail corridor with national retailers including Walmart, Home Depot, Hobby Lobby, Aldi, Marshalls, Five Below and many more. List price reflects a cap rate of 6.00% based on the NOI of $185,754. The 7.5% rent increases allow the cap rate to grow to average 6.62% over the initial term.

FOR SALE DETAILS

PRICE

$3,095,900 USD

PRICE/SF

$1,265 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

C-1

APN/PARCEL ID

08-08.0-33-003-01-03.001

ASK ABOUT THIS PROPERTY

Kyle CarsonFortis Net LeaseMore Info
248-419-3271

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Kyle CarsonFortis Net LeaseMore Info
248-419-3271

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