2927 S Campbell Ave - Retail FOR SALE


Springfield, MO 65807- Outer Southwest Springfield
$710,000 USD
417-848-1842
2927 S Campbell Ave, Springfield, MO for Sale
$710,000 USD
Retail - FOR SALE
1/5
null | 5% Cap Rate

2927 S Campbell Ave
Springfield, MO 65807
Outer Southwest Springfield


HIGHLIGHTS

  • High traffic count
  • Secondary access to Battlefield Road
  • Limited owner responsibilities

OVERVIEW

Address: 2927 S. Campbell (1.6 acres) and adjacent drive lane to the west (.35 acres) – see attached Assessor maps and photos Lease: Started 1/1/73 – 25 year primary term plus a 14 year extension and 6-10 year extensions – 99 years total The tenant, operating as Regions Bank, is in the second, 10 year extension. The current term expires 12/31/31. Annual Rent: $36,972 ($3,081 per month) Rent Increases – Every 10 years using CPI although it is unknown what formula previous rent increases were based on. Real estate taxes, building insurance and maintenance (for the bank occupied lot and building) are paid by the tenant/bank. Real estate taxes for the drive lane lot, paid by the property owner, in 2025 were $1,280. The existing building becomes the property owner’s property when the lease with the bank expires or is terminated. The bank can sublet or assign its interest in the lease. Drive lane lot will be conveyed to buyer at closing. The property owner is responsible for maintenance of the drive lane lot.

FOR SALE DETAILS

PRICE

$710,000 USD

PRICE/SF

$178 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Land Sale with Long Term Bank Lease

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

-

APN/PARCEL ID

18-02-109-021

ASK ABOUT THIS PROPERTY

Todd Chambers, CCIMChambers Real Estate Services, LLCMore Info
417-848-1842

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Todd Chambers, CCIMChambers Real Estate Services, LLCMore Info
417-848-1842

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