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Reeds Plumbing | Springfield, MO 600-611 W Commercial St 50,506 SF Industrial Building Springfield, MO 65803 $4,520,000 ($89.49/SF) 7.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Single-Tenant Industrial Sale Leaseback Opportunity; Reed’s Plumbing & Excavating; Established, Local Company with 53+ Years of Operating History at t
- 53+ Year Track Record; Strong EBITDAR to Rent Coverage
- Springfield is the Third Most Populous City in Missouri and is the County Seat of Greene County
- Brand-New 10-Year Absolute NNN Lease; Zero Landlord Responsibilities 1.5% Annual Increases During the Base Term and Each of the Three 5-Year Options
- Strong Demographics Within a 5-Mile Trade Area; Direct Consumer Base: More than 142,000 residents and 116,000 employees support the trade area
- Home to Over 170,000 Residents, the Greater Springfield Metropolitan Area Has a Population of Approximately 500,000 People
EXECUTIVE SUMMARY
New 10-Year Absolute NNN Lease | 53+ Year Operating History | #1 Fastest Growing Metro Area in Missouri
PROPERTY FACTS
| Price | $4,520,000 | Rentable Building Area | 50,506 SF |
| Price Per SF | $89.49 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1948 |
| Cap Rate | 7.35% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.42/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 4 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 2.47 AC | ||
| Zoning | I | ||
| Price | $4,520,000 |
| Price Per SF | $89.49 |
| Sale Type | Investment |
| Cap Rate | 7.35% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.47 AC |
| Rentable Building Area | 50,506 SF |
| No. Stories | 1 |
| Year Built | 1948 |
| Tenancy | Single |
| Parking Ratio | 0.42/1,000 SF |
| No. Drive In / Grade-Level Doors | 4 |
| Opportunity Zone |
Yes |
| Zoning | I |
AMENITIES
- Fenced Lot
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 13-11-411-021 | Improvements Assessment | $93,540 |
| Land Assessment | $107,680 | Total Assessment | $201,220 |
PROPERTY TAXES
Parcel Number
13-11-411-021
Land Assessment
$107,680
Improvements Assessment
$93,540
Total Assessment
$201,220
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Reeds Plumbing | Springfield, MO | 600-611 W Commercial St
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