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2438-2442 N Bolivar Rd
Springfield, MO 65803
Retail Property For Sale
Property Facts
Amenities
- Signage
About 2438-2442 N BOLIVAR RD , SPRINGFIELD, MO 65803
Thank you for looking at this 9% Cap Rate investment property in the growing city of Springfield, Missouri. Currently 80% of the building is leased to the State of Missouri with minimal landlord responsibilities. The State of Missouri has a AAA credit rating by S&P. 10.5 year lease commenced November 1, 2017 & final renewal expires June 30, 2028. (State of MO leases contain language for annual budget appropriation contingencies.) Additional 1,625 SF space also for lease which would drive this cap rate over 9%. Neighbors included: Panera Bread, Papa Murphy's, Walgreens, Hobby Lobby, Starbucks, Brown Derby Liquor Store, and many other business. Lee McLean, CCIM serves as a Senior Advisor for SVN Commercial in the Springfield Missouri metro area.Lee holds the CCIM designation, a Brokers-Associate real estate license and ranks in the top 1% of SVN International.
Property Taxes
| Parcel Number | 13-02-307-014 | Improvements Assessment | $122,210 |
| Land Assessment | $74,210 | Total Assessment | $196,420 |
Property Taxes
