Single-Tenant Starbucks-Leased
For Sale
Contact for pricing
631 S Glenstone Ave, Springfield, MO 65802
Starbucks location with 7+ years remaining on corporate lease, fully remodeled in 2023.
Property Size2,157 SF
Price / SF$996.29
Days on Market607
Property Features for 631 S Glenstone Ave
General Information
Standard status
Active
Size
2,157 SF
Property subtype
RETAIL
Site & Location
Traffic Count
39,000 vehicles/day
Road Access
Yes
Building Details
Year Renovated
2023
Listing Agency:
Marcus & Millichap | Phoenix
(602) 687-6700
Listed By:
Chris Lind · License #SA627823000
(602) 370-9255
Source:
Moodyscre
Added: Jan 14, 2025
Changed: Sep 5
Last Checked: Sep 13 at 4:17AM
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 | Phoenix
Investment Insights
Based on property information with market context.
This single-tenant retail property is leased to Starbucks under a corporate lease with 7+ years remaining, including an early 5-year lease renewal. The site was fully remodeled by Starbucks in 2023, supporting continued brand occupancy under the existing lease structure.
The property is located at 631 S Glenstone Ave in Springfield and offers frontage along Glenstone Avenue at the corner of Glenstone Avenue and Cherry Street, with nearly 39,000 cars per day reported for that intersection. It is approximately one mile from Missouri State University and Evangel University and about two miles from downtown Springfield.
The surrounding trade area is supported by an estimated 165,372 residents within a 5-mile radius, with projected household and population growth of 2–3% by 2028. Rental increases of 10% every five years and multiple renewal options are noted as part of the lease terms.
The property is located at 631 S Glenstone Ave in Springfield and offers frontage along Glenstone Avenue at the corner of Glenstone Avenue and Cherry Street, with nearly 39,000 cars per day reported for that intersection. It is approximately one mile from Missouri State University and Evangel University and about two miles from downtown Springfield.
The surrounding trade area is supported by an estimated 165,372 residents within a 5-mile radius, with projected household and population growth of 2–3% by 2028. Rental increases of 10% every five years and multiple renewal options are noted as part of the lease terms.
Key Highlights
- Starbucks site with 7+ years remaining on a corporate lease (NASDAQ: SBUX), with an early 5‑year renewal
- Starbucks fully remodeled the site in 2023
- Located one mile from Missouri State University (27,000 students) and Evangel University (2,700 students); two miles from downtown Springfield
Property Analytics
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Current Use
Lease Details
39,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 65802, MO
48,233
Population
20,199
Households
2.4
Avg Household Size
35
Median Age
26%
College-Educated
89%
High-School Grad
61.4 sq mi
ZIP Area
786
Density / Sq Mi
$51,080
Median Household Income
$34,298
Median Earnings
$900
Median Rent
$162,400
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Starbucks location with 7+ years remaining on corporate lease, fully remodeled in 2023.
Where is this storefront property 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: Starbucks site with 7+ years remaining on a corporate lease (NASDAQ: SBUX), with an early 5‑year renewal; Starbucks fully remodeled the site in 2023; Located one mile from Missouri State University (27,000 students) and Evangel University (2,700 students); two miles from downtown Springfield
