Taco Bell 3511 W Chestnut Expy 2,881 SF Retail Building Springfield, MO 65802 $2,583,000 ($896.56/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- New 11-Year Extension | Scheduled Rental Increases | Established Operator (340+ Units) | Options to Extend
- Signalized, Hard Corner Intersection | Interstate 44 (47,500 VPD) | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Direct Consumer Base
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,881 SF
Building Class
C
Year Built
1988
Price
$2,583,000
Price Per SF
$896.56
Cap Rate
5.75%
NOI
$148,495
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.73 AC
Opportunity Zone
Yes
Zoning
HC - Highway Commercial
Parking
44 Spaces (15.27 Spaces per 1,000 SF Leased)
Frontage
43’ on W Chestnut Expy
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-17-403-025 | Improvements Assessment | $139,390 |
| Land Assessment | $56,540 | Total Assessment | $195,930 |
