620 W 32nd St - Medical FOR SALE


Joplin, MO 64804
$5,850,000 USD
732-856-4349
620 W 32nd St, Joplin, MO for Sale
$5,850,000 USD
Medical - FOR SALE
1/10
null | 7.18% Cap Rate

620 W 32nd St
Joplin, MO 64804


HIGHLIGHTS

  • Recently Extended 10-Year Anchor Lease
  • Significant Tenant Investment Reinforces Stickiness
  • Private Equity Backed Healthcare Tenant
  • Located in an Established Healthcare Corridor
  • Strong Specialty Practice Growth Story

OVERVIEW

Zeustra is pleased to present the opportunity to acquire a 15,428 SF surgery center and medical office located at 620 W. 32nd Street in Joplin, Missouri. The property is positioned steps from Freeman Health System and adjacent to Kansas City University - Joplin, placing the asset in one of Joplin’s most established healthcare corridors. The property is anchored by Maningas Cosmetic Surgery, a high-volume cosmetic surgery, med spa, and aesthetics platform that recently extended its lease for an additional 10 years. The practice is private equity backed through Courseview Capital and has made approximately $1.6 million of recent tenant improvements, reinforcing its long-term commitment to the location. The offering provides durable NNN income, 3% annual rent increases, a 9-year weighted average lease term, and additional upside through approximately 1,638 SF of vacant space with a separate entrance.

FOR SALE DETAILS

PRICE

$5,850,000 USD

PRICE/SF

$379 USD /SF

CAP RATE

7.18%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,114 SF

ZONING

COPD

APN/PARCEL ID

05-5.0-22-001-007-006.000

ASK ABOUT THIS PROPERTY

Ryan LupoZeustra Real Estate Investment ServicesMore Info
732-856-4349

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Ryan LupoZeustra Real Estate Investment ServicesMore Info
732-856-4349

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