2927 11th St - Retail FOR SALE


Joplin, MO 64801
$2,727,000 USD
949-506-2009
2927 11th St, Joplin, MO for Sale
$2,727,000 USD
Retail - FOR SALE
1/9
null | 5.5% Cap Rate

2927 11th St
Joplin, MO 64801


HIGHLIGHTS

  • Brand New 15-Year Lease | Corporate Guaranteed | Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Primary Retail Corridor | Proximity to $375MM Prospect Village Dev. | North Point Center (219,000 SF) | Northpark Mall (1.2MM+ SF)
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, corporate guaranteed, Dutch Bros investment property located in Joplin, Missouri. The tenant, Boersma Bros LLC recently signed a brand new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The property features brand new construction with a state of the art design.

FOR SALE DETAILS

PRICE

$2,727,000 USD

PRICE/SF

$2,871 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros | New 15yr Corp Ground Lse

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

C3

APN/PARCEL ID

19-1.0-12-10-10-11.0,19-1.0-12-10-10-12.0,19-1.0-12-10-10-13.001

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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