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    631 S Glenstone Ave Springfield, MO 65802

    For Sale
    $2,149,000

    Retail property with corporate Starbucks lease in Springfield, Missouri.

    Property size:
    2,157 SF
    Lot size:
    0.59 Acres

    Property Features for 631 S Glenstone Ave

    General Information

    Size
    2,157 SF
    Lot size
    0.59 Acres

    Source: Marcus & Millichap | Phoenix Agent Chris Lind

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

    Overview

    Glenstone Avenue Retail Opportunity

    This retail property is located on Glenstone Avenue in Springfield, Missouri. The property benefits from its location on Glenstone Avenue, which sees nearly 39,000 cars per day at the corner of Glenstone Avenue and Cherry Street. It is situated one mile from Missouri State University, which has 27,000 students, and Evangel University, with 2,700 students. Downtown Springfield is two miles away. The surrounding area has a growing trade area with 165,372 residents within a 5-mile radius. Population and households are projected to increase 2-3% in the immediate area by 2028. The average household income exceeds $64,000 within a 5-mile radius. The property is currently operating as a Starbucks, which fully remodeled the site in 2023 and has over 7 years remaining on its corporate lease. The lease includes 10% rental increases every 5 years with multiple renewal options. The property size is 2,157 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Starbucks Coffee Shop El Maguey | Mexican ... Mexican Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    Dancing Mule Coffee Company, SocieTea, Mercy Moca, Espressions Coffee and Soda, Starbucks

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.2624489
    Latitude
    37.2142379

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    FAQs

    What type of property is this?
    Coffee shop - Retail property with corporate Starbucks lease in Springfield, Missouri.
    Where is this coffee shop located?
    The property is located at 631 S Glenstone Ave Springfield, MO.
    What is the asking price?
    The asking price for this property is $2,149,000.
    What are key features of this property?
    This property features: - Long-term corporate lease with Starbucks (NASDAQ: SBUX) with 7+ years remaining and early 5-year renewal.; - Scheduled 10% rental increases every 5 years with multiple renewal options.; - High traffic location on Glenstone Avenue with nearly 39,000 cars per day.
    (602) 370-9255
    Request Owner's contact information
    631 S Glenstone Ave Springfield, MO 65802
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    Springfield, MO 65802
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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
    631 S Glenstone Ave Springfield, MO 65802
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