Cap Rate
5.25%
Gross SQFT
4,884
Term Remaining
±9.1 YEARS
NOI
$243,348
Property Type
Retail
LEAD LISTING AGENT
Email
[email protected]
License No.
475210757 (IL)
Direct
+1 (312) 690-6274
Mobile
+1 (630) 639-6868
ADDITIONAL LISTING AGENT
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