440 S Range Line Rd - Freestanding FOR SALE
Joplin, MO 64801 |
440 S Range Line Rd
Joplin, MO 64801
HIGHLIGHTS
- Cavender’s Boot City Double-Net Lease with 10.5 Years Remaining in Joplin, MO
- Tenant Just Executed 10-Year Renewal thru 2032 at an 8% Rent Increase Demonstrating Strong Commitment to Site
- Renewal Did Not Require an Inducement or Tenant Improvement Allowance from Landlord
- Cheap/Replaceable Rent of $13.50/SF NNN, In-Place Since 2012 with History of Renewals and Rent Increases
- 21,000 VPD on S. Range Line Rd and Just North of U.S. Route 66 Intersection with a Combined 50,500 VPD
- Offered at a Low Acquisition Basis of $216/SF, Attractive 6.25% CAP Yield for 10+ Years of Term
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Cavender’s NN | 10.5 Yr Remaining | 6.25% CAP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
11876
STORIES
1
YEAR BUILT
2012
SPRINKLERS
-
PARKING SPACES
39
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
19-1.0-01-40-017-005.000
