WHITE OAK STATION

1503 SOUTH RANGE LINE RD, JOPLIN, MO 64804
$4,635,000

Cap Rate
5.25%
Gross SQFT
4,884
Term Remaining
±9.1 YEARS
NOI
$243,348
Property Type
Retail

INVESTMENT HIGHLIGHTS

  • ABSOLUTE NNN LEASE: There are zero landlord responsibilities as the tenant is directly responsible for all CAM, taxes, insurance, as well as roof and structure. This provides a hands-off, passive investment opportunity to an investor.
  • CORPORATE GUARANTEE: The lease is backed by Kum & Go L.C, with Maverik being the parent company, one of the largest convenience store operators with 800+ locations nationwide.
  • LONG-TERM LEASE WITH RENTAL ESCALATIONS: There are approximately 9 years remaining on the primary lease term providing a stable investment opportunity. The lease features four, 5-year options to extend with 8% rental increases every five years to hedge against inflation.
  • SIGNALIZED INTERSECTION I MULTI ACCESS CORNER LOT: This asset is strategically positioned on S Rangeline (US-71) which is the primary retail corridor in Joplin, MO (±35,000 VPD). The property benefits from multiple points of ingress and egress, ensuring easy customer access. Proximity to major highways such as I-44 and I-49 further supports traffic flow and accessibility.
  • DENSE RETAIL CORRIDOR: This property is surrounded by high-performing national and regional tenants, driving consistent customer traffic to the area. Nearby tenants include Walmart, Aldi, Lowe’s, Chick-fil-A, Starbucks, and many others.
  • 40% BONUS DEPRECIATION IN YEAR ONE: Fee simple ownership of a Gas Station provides the landlord the opportunity to us the accelerated Bonus Depreciation Model (Consult with your CPA).

Broker of Record

  • Kyle Matthews
  • License No. 2022018843 (MO)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End Ave,
    Suite 1500 Nashville, TN 37203