335 N Nolting Ave
Springfield, MO 65802
Retail Property For Sale

Marcus & Millichap is pleased to present to qualified investors an opportunity to acquire a fee-simple interest in the 52,000 square-foot Price Cutter grocery store (“the Property”) located in Springfield, Missouri. The Price Cutter was built in 2011 and is operating under an Absolute Net (NNN) lease with approximately twelve (12) years remaining. The Property is the preferred shopping center in the area. Price Cutter boasts free Wi-Fi at this location, as well as a drive thru pharmacy, and in-house Starbucks. The Property is being offered at a 6.72% cap rate totaling $6,700,000. The in-place debt will allow for future investors to achieve a relatively high LTV at a neutral leverage point. The debt terms are better than any other CMBS debt available in the market today. The subject property is well-positioned on a strong retail corridor home to an array of national, regional, and local brands including McDonald’s, Arby’s, Goodwill, Ace Hardware, and Walmart Neighborhood Market. Additional retail north of the property includes: Sonic Drive-in, Hardee’s, Taco Bell just to name a few. The Property is also locate just 4-miles southeast of the Springfield-Branson National Airport. Springfield Missouri is the third-largest city in the State of Missouri and has a population of 420,000 people. In addition, Springfield has the second largest University System in the state with Over 23,000 students. Since 1990 the metro area’s average annual growth rate is 2.2%. The Springfield metro workforce has grown more than 16% in the past 10 years and in 2004 accounted for more than 1/3 of Missouri’s total job growth. The cost of living in Springfield is consistently 10% below the national average. Springfield was recognized nationally in Expansion Management for being Top 10 Best Metros for Business Expansion and for 5-Star Quality of Life. Forbes Magazine for Top 25 Best Place in the U.S.