Turn-Key Restaurant
2412 S Main Street Joplin, MO 64804
2412 S Main Street, Joplin, MO, 64804
$1,400,000
For Sale
$1,400,000
Newly built in 2014 and operating as a Mexican restaurant, with sale including equipment and fixtures to run the concept.
Property Size5,378 SF
Price / SF$260.32
Days on Market137
Property Features for 2412 S Main Street
General Information
- Standard status
- Active
- Size
- 5,378 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2014
Listing agency
PRO 100 Inc., REALTORS
(417) 850-5355
Listed by
James Hunter, IV · License #201110009040
(417) 850-5355
Source
Xome
Added: Mar 9 Updated: Jul 22 at 4:00PM Checked: Jul 22 at 4:00PM
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 PRO 100 Inc., REALTORS
Investment Insights
Based on property information with market context.
This turn-key restaurant building was built new in 2014 and contains 5,783 square feet of well-designed space. The property is currently operating as a Mexican restaurant, but the layout and improvements could support a different menu concept. The sale includes the equipment and fixtures needed to operate the restaurant.
The property is located on S Main St in Joplin, MO, and includes more than adequate paved parking with two parcels included for a total of 0.7324 acres.
Please note the sale is subject to tenant rights, as the current tenant is operating a restaurant.
The property is located on S Main St in Joplin, MO, and includes more than adequate paved parking with two parcels included for a total of 0.7324 acres.
Please note the sale is subject to tenant rights, as the current tenant is operating a restaurant.
Key Highlights
- Newly built 2014 restaurant building with 5,783 sq ft on S Main St in Joplin
- Currently operating as a Mexican restaurant; includes equipment and fixtures needed to operate
- Roof is flat with rubber roofing
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.5k | $14.04 |
| − Vacancy | −$3.0k | −$0.56 |
| EGI | $72.5k | $13.48 |
| − OpEx | −$18.1k | −$3.37 |
| NOI | $54.4k | $10.11 |
5,378 SF · lease $14.04/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$776.6K
$679.6K – $906.1K
NOI $54,365 @ 7.0% cap · market cap 3.88%
Second Best
Industrial
$311.4K
$272.5K – $363.3K
NOI $21,797 @ 7.0% cap · market cap 1.56%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,583 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
El Vaquero Authentic ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Newly built in 2014 and operating as a Mexican restaurant, with sale including equipment and fixtures to run the concept.
Where is this conventional restaurant located?
The property is located at 2412 S Main Street Joplin, MO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Newly built 2014 restaurant building with 5,783 sq ft on S Main St in Joplin; Currently operating as a Mexican restaurant; includes equipment and fixtures needed to operate; Roof is flat with rubber roofing
