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    1302 W Central Ave Carthage, MO 64836

    For Sale
    $400,000

    Carthage, MO NNN Ground Lease

    Property size:
    850 SF

    Description

    Added:
    Jan 27, 2025
    Days on Market:
    322
    This exceptional investment opportunity presents a freestanding Scooter's Coffee building in Carthage, Missouri. The property boasts a 10-year absolute NNN ground lease, guaranteed by a reputable 3-unit operator, with four 5-year renewal options and 10% rent increases every five years. Situated on West Central Avenue, a major thoroughfare with over 11,000 vehicles daily, the property enjoys excellent visibility and convenient access to Interstate 49. Its strategic location is adjacent to a new Pete's One Stop and near Leggett & Platt Distribution Center, ensuring high traffic and strong consumer base. The property benefits from a thriving commercial environment, with nearby established businesses including Arby's, Sonic Drive-In, Dollar General, Subway, and Burger King. Carthage, a historic city with a population of approximately 14,000-15,000, offers a blend of small-town charm and a diverse economy. The 850 square foot building sits on a 0.4017 acre lot. This is a rare chance to acquire a secure, passive income-generating asset with significant long-term growth potential. The property is offered at $400,000.

    Property Features for 1302 W Central Ave

    General Information

    Property type
    Restaurants
    Investment Type
    net-lease
    Square Feet
    850 SF
    Price / Square Foot
    $470
    Elevators
    N/A
    Lot Size
    17,500 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Guaranteed 10‑year NNN ground lease with four, five‑year renewal options.
    • Prime location on West Central Avenue, a major thoroughfare with high daily traffic.
    • Strong tenant, a reputable 3‑unit operator, ensures consistent rental income.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carthage
    State
    Missouri
    Longitude
    -94.327745
    Latitude
    37.178505

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    FAQs

    What type of property is this?
    Restaurant - Carthage, MO NNN Ground Lease
    Where is this restaurant located?
    The property is located at 1302 W Central Ave Carthage, MO.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Guaranteed 10-year NNN ground lease with four, five-year renewal options.; Prime location on West Central Avenue, a major thoroughfare with high daily traffic.; Strong tenant, a reputable 3-unit operator, ensures consistent rental income.
    (415) 269-2474
    Request Owner's contact information
    1302 W Central Ave Carthage, MO 64836
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    Carthage, MO 64836
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1302 W Central Ave Carthage, MO 64836
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