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440 S Range Line Rd
Joplin, MO 64801
Cavender’s NN | 10.5 Yr Remaining | 6.25% CAP · Retail Property For Sale
Investment Highlights
- Cavender’s Boot City Double-Net Lease with 10.5 Years Remaining in Joplin, MO
- Renewal Did Not Require an Inducement or Tenant Improvement Allowance from Landlord
- 21,000 VPD on S. Range Line Rd and Just North of U.S. Route 66 Intersection with a Combined 50,500 VPD
- Tenant Just Executed 10-Year Renewal thru 2032 at an 8% Rent Increase Demonstrating Strong Commitment to Site
- Cheap/Replaceable Rent of $13.50/SF NNN, In-Place Since 2012 with History of Renewals and Rent Increases
- Offered at a Low Acquisition Basis of $216/SF, Attractive 6.25% CAP Yield for 10+ Years of Term
Property Facts
Property Type
Retail
Property Subtype
Building Size
11,876 SF
Building Class
B
Year Built
2012
Tenancy
Single
Building Height
1 Story
Building FAR
0.38
Lot Size
0.72 AC
Parking
39 Spaces (3.28 Spaces per 1,000 SF Leased)
Frontage
150’ on Range Line Rd
Property Taxes
| Parcel Number | 19-1.0-01-40-017-005.000 | Improvements Assessment | $147,770 |
| Land Assessment | $92,460 | Total Assessment | $240,230 |
Property Taxes
Parcel Number
19-1.0-01-40-017-005.000
Land Assessment
$92,460
Improvements Assessment
$147,770
Total Assessment
$240,230
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