935 W Kearney St
Springfield, MO 65803
Burger King · Retail Property For Sale

Marcus & Millichap is pleased to present this exclusive listing for a Burger King property at 935 W Kearney Street, Springfield Missouri. The property features a 3,452 square feet building on a 44,934 square foot parcel of land. This investment has 10.5 years remaining on a 20 Year Absolute Net Lease. The property has an initial Cap Rate of 6.26% and features Annual Rental increases of 1.50% every October, and Four, Five-Year renewal options. The property is Absolute Net Leased to a large Burger King operator with over 35 stores in the region. The subject property is situated along the main entrance to the Springfield Branson airport, the area has over 60,000 employees within a 3 miles radius of the subject property and over 25,000 vehicles per day on W Kearney. National Tenants in the area include McDonalds, OReilly Auto Parts, Popeyes, Arbys and Taco Bell. Springfield is ranked 20th in the nation as one of the best cities for commuting. Most commutes anywhere within the city are 20 minutes or less. Their innovative diverging diamond interchange systems and continued investment into street improvements have dramatically eased traffic flow and decreased accidents. And their city street system is laid out on a simple, north-south-east-west grid. So once you learn it, its hard to get lost. Interstate 44 on the northern limit and Highway 65 on the eastern edge make travel to other major cities in Missouri and Oklahoma easy. By car, Springfield is just two and a half to three hours away from Kansas City, St. Louis, and Tulsa. Travel for business or vacation is a true pleasure into Springfield's two area airports. In 2009, Springfield-Branson National Airport opened a new, state of-the-art terminal building with ten gates and the potential to add up to 60 more. The facility currently houses four airlines, American, Delta, United, and low-cost carrier, Allegiant.