Golden Corral NNN Investment
2734 N Kansas Expy, Springfield, MO
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Golden Corral NNN property with 11 years remaining on lease.
Type:RETAIL
Lot size:
2.85 Acres- Added:
- Oct 1, 2020
- Days on Market:
- 2047
- Last Refresh:
- Apr 5 at 9:14 pm
Property Features for 2734 N Kansas Expy
General Information
- Standard status
- Active
- Lot size
- 2.85 Acres
- Property subtype
- RETAIL
Listing agent Gabe Simpson
Listing office Sands Investment Group (SIG) | California (844) 474-4666
Listing date Oct 1, 2020
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group (SIG) | California
HighLights
- Absolute Triple Net (NNN) Lease with 11 Years Remaining, offering zero landlord responsibility.
- Benefit from 10% Rental Increases Every 5 Years. Three (3), Five (5) Year Option Periods Remaining.
- Strong Retail Location: High Traffic Intersection (31,700 VPD) near Walmart Supercenter, Hobby Lobby, etc.
- High Population Density: Over 50,647 Residents within a 3‑Mile Radius.
- Long‑Standing Commitment: Golden Corral has been operating at this location since 2006 and recently extended their option period.
- Located in an Opportunity Zone, potentially offering tax benefits for investors.
Overview
This Golden Corral restaurant investment property is located at 2734 N Kansas Expy in Springfield, Missouri. The property features an absolute triple net (NNN) lease with 11 years remaining and zero landlord responsibility. The lease includes 10% rental increases every 5 years and three (3), five (5) year option periods remaining. Situated at a strong retail intersection of W Livingston St S and N Kansas Expressway, the location benefits from high traffic volume, seeing over 31,700 vehicles per day. The surrounding area has a substantial residential population, with over 50,647 residents within a 3-mile radius and 112,610 people within a 5-mile radius. This location has been serving the Springfield area since 2006 and recently extended an option period, demonstrating a long-standing commitment to the neighborhood. The property is located in an Opportunity Zone, encouraging long-term investments by allowing investors to re-invest unrealized capital gains to promote new development in the area. Springfield is the third largest city in the State of Missouri. Neighboring tenants include Walmart Supercenter, Big Lots, Hobby Lobby, Dollar Tree, Harbor Freight Tools, PetsWay, Walgreens, Commerce Bank, GameStop, Panera Bread, McAlister’s Deli and Starbucks.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Romantix
(Bike/Boat/Book/etc) Store
Diamond Nails & Spa ...
Nail Salon
BLONDIES
Hair Salon
Alluring Nails & Spa
Nail Salon
Golden Classic Catering
Take-out & Catering
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.3101
- Latitude
- 37.2477
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FAQs
What type of property is this?
Conventional restaurant - Golden Corral NNN property with 11 years remaining on lease.
Where is this conventional restaurant located?
The property is located at 2734 N Kansas Expy Springfield, MO.
What is the asking price?
The asking price for this property is $4,773,333.
What are key features of this property?
This property features: Absolute Triple Net (NNN) Lease with 11 Years Remaining, offering zero landlord responsibility.; Benefit from 10% Rental Increases Every 5 Years. Three (3), Five (5) Year Option Periods Remaining.; Strong Retail Location: High Traffic Intersection (31,700 VPD) near Walmart Supercenter, Hobby Lobby, etc.
