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    3242 S Stewart Ave Springfield, MO 65804

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    For Sale
    $2,940,000

    Net leased restaurant investment opportunity near Battlefield Mall.

    Property size:
    6,470 SF

    Property Features for 3242 S Stewart Ave

    General Information

    Size
    6,470 SF

    Source: Lee McLean III, SIOR, CCIM Agent Lee McLean III, SIOR, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Net Leased Restaurant Investment

    This net-leased restaurant investment property is available for sale. The property is leased to K-Pot Korean BBQ & Hot Pot, which signed a 5-year lease in 2024 and is completing extensive renovations. K-Pot is an expanding restaurant concept with over 160 locations and dozens more under development. The property is located off Glenstone Avenue, south of Battlefield Road, at a busy intersection and retail corridor in Springfield. The surrounding area includes the Primrose Shopping Center, Hampton Inn, Target, Corwin Ford, Talbot, HomeGoods, Chili's, Barnes and Noble, and Olive Garden, along with numerous other local and national businesses. The property is conveniently located less than half a mile from Simon's Battlefield Mall, which features 1.2 million square feet of retail space and over 12 million visitors annually. The building has a size of 6,470 square feet and is situated on a 1.205-acre lot. The lease type is triple net.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    Cook Camp

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.2617155
    Latitude
    37.1543271

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    FAQs

    What type of property is this?
    Restaurant - Net leased restaurant investment opportunity near Battlefield Mall.
    Where is this restaurant located?
    The property is located at 3242 S Stewart Ave Springfield, MO.
    What is the asking price?
    The asking price for this property is $2,940,000.
    What are key features of this property?
    This property features: - New 5-year Triple Net (NNN) lease signed in 2024 with K-Pot Korean BBQ & Hot Pot.; - High-traffic location near Glenstone Avenue and Battlefield Road.; - Proximity to Simon's Battlefield Mall and other national retailers.
    (417) 818-8894
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    3242 S Stewart Ave Springfield, MO 65804
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    Springfield, MO 65804
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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.

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    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
    3242 S Stewart Ave Springfield, MO 65804
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