Price Cutter

335 N Nolting Ave, Springfield, MO
Deal Type:
Net Lease
Price:
$5,450,000
Cap Rate:
8.25%
Current Rent:
$450,000
Lease Type:
Triple Net
Landlord Responsibilities:
None
Renewal Options:
4, Five year
Building Sq. Ft.:
53,000 SF
Rent Increases:
Flat
Site Size:
5.12 Acres

Investment Highlights

  • Passive Ownership: Absolute NNN lease structure with zero landlord responsibilities.
  • Below Replacement Cost: Attractive purchase price at $100 per square foot well below the cost to develop a like kind asset.
  • Well Positioned: Situated at the signalized intersection of Northwest Bypass & W Chestnut Expy which has a combined traffic count of 42,000 VPD.
  • Retail Corridor: Located nearby to other national anchors such as Walmart Supercenter, Menards, McDonald’s, Goodwill, and more.
  • Experienced Operator: RPCS Inc. operates 47 grocery stores across Missouri, Oklahoma and has operated in Springfield since 1919.

Listing Agents

Graham Gold

Vice President
314 324 8792
[email protected]

Jordan Koeppel

Senior Vice President
561 789 5504
[email protected]

Broker of Record: Ann Gold, Lic. #2013035473

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