Freestanding Popeyes Drive-Through
New
For Sale
$1,666,667
1231 W Kearney St, Springfield, MO 65803
The site is slated for a new long-term NNN lease with scheduled rent escalations and multiple renewal options.
Property Size1,850 SF
Lot Size0.56 Acres
Price / SF$900.90
Days on Market3
Property Features for 1231 W Kearney St
General Information
Standard status
Active
Size
1,850 SF
Lot size
0.56 Acres
Property subtype
Restaurant
Lease Type
NNN
Site & Location
Drive-Thru
Yes
Traffic Count
25,333 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6%
Amenities
New 20-Yr NNN Sale-Leaseback Commencing at Close of Escrow
Zero Landlord Responsibilities | Four (4) 5-Year Renewal Options
Scheduled 10% Rent Increases Every 5 Years
Tenant: HZ Ops Holdings, Inc. (±190 Units) | Operated by The Dhanani Group
Fronts W Kearney St (±25,333 VPD) Near Kansas Expy and I-44 (±58,195 VPD)
122,363 Residents Within 5 Miles | $90,381 AHI Within 10 Miles
Near Missouri State University (26,917 Students) and Evangel University (2,741 Students)
Springfield MSA Population of 500,000+ | Available Individually or as 6-Property Portfolio
Building Details
Building Size
1,850 SF
Year Built
2015
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Tyler Bindi · License #License(s): CA: 02116455
(310) 909-2374
Source:
Marcusmillichap
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 3:01AM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
This freestanding Popeyes restaurant occupies approximately 1,850 square feet on a 0.56-acre parcel. Built in 2015, the property includes drive-through service. A new 20-year NNN sale-leaseback is planned to begin at closing, with four five-year renewal options and 10% rent increases every five years. The lease names HZ Ops Holdings, Inc., a tenant associated with approximately 190 units; The Dhanani Group operates the restaurant and has more than 350 Popeyes locations. The lease structure assigns no landlord duties, and the stated cap rate is 6.00%.
The property fronts West Kearney Street, where reported traffic is approximately 25,333 vehicles per day. Kansas Expressway carries approximately 27,651 vehicles per day, and Interstate 44 approximately 58,195. Missouri State University, Evangel University, and the Ozark Empire Fairgrounds are identified as nearby demand drivers. The offering is also available within a six-property Popeyes portfolio.
The property fronts West Kearney Street, where reported traffic is approximately 25,333 vehicles per day. Kansas Expressway carries approximately 27,651 vehicles per day, and Interstate 44 approximately 58,195. Missouri State University, Evangel University, and the Ozark Empire Fairgrounds are identified as nearby demand drivers. The offering is also available within a six-property Popeyes portfolio.
Key Highlights
- Freestanding Popeyes drive‑through restaurant built in 2015
- Approximately 1,850 square feet on 0.56 acres
- New 20‑year NNN sale‑leaseback; four five‑year renewal options
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
25,333 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
Business Placement
Demographics for 65803, MO
42,007
Population
19,659
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
93.4 sq mi
ZIP Area
450
Density / Sq Mi
$46,539
Median Household Income
$33,537
Median Earnings
$890
Median Rent
$158,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - The site is slated for a new long-term NNN lease with scheduled rent escalations and multiple renewal options.
Where is this drive through restaurant located?
The property is located at 1231 W Kearney St Springfield, MO.
What is the asking price?
The asking price for this property is $1,666,667.
What are key features of this property?
This property features: Freestanding Popeyes drive‑through restaurant built in 2015; Approximately 1,850 square feet on 0.56 acres; New 20‑year NNN sale‑leaseback; four five‑year renewal options
