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Midas | Springfield, MO 1237 E Battlefield Rd 6,665 SF Retail Building Springfield, MO 65804 $1,333,500 ($200.08/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Single-Tenant Midas; Long-Term Operating History at the Property (29+ Years)
- 10% Increase in 2028 Increasing Cap Rate 60 Basis Points
- Exceptional Visibility and Accessibility Along Battlefield Avenue (28,000 CPD), Springfield’s Major Retail and Commercial Thoroughfare
- Long-Term Absolute NNN Lease; Zero Landlord Responsibilities
- Midas Has Nearly 2,000 Locations Worldwide (1,200 in North America)
- More Than 177,000 Residents and 144,000 Employees Support the Trade Area, Providing a Direct Consumer Base from Which to Draw
EXECUTIVE SUMMARY
Long-Term Absolute NNN Lease | 29+ Year Operating History | #1 Fastest Growing Metro Area in Missouri
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,665 SF
Building Class
C
Year Built
1979
Price
$1,333,500
Price Per SF
$200.08
Cap Rate
6%
NOI
$80,010
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.55 AC
Zoning
INC.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 19-06-209-034 | Improvements Assessment | $46,210 |
| Land Assessment | $121,250 | Total Assessment | $167,460 |
PROPERTY TAXES
Parcel Number
19-06-209-034
Land Assessment
$121,250
Improvements Assessment
$46,210
Total Assessment
$167,460
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Midas | Springfield, MO | 1237 E Battlefield Rd
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