Medical Retail Strip
For Sale
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3233 E Sunshine Street, Springfield, MO 65804
Fully occupied multi-tenant retail center with national and healthcare-oriented occupants under NNN leases.
Property Size9,410 SF
Lot Size1.25 Acres
Price / SF$244.42
Days on Market50
Property Features for 3233 E Sunshine Street
General Information
Standard status
Active
Size
9,410 SF
Class
A
Lot size
1.25 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$169,991
Site & Location
Anchor Co-Tenants
Mercy GoHealth Urgent Care, Jimmy John's
Highway Access
Yes
Building Details
Year Built
2014
Buildings
1
Units
5
Tenancy
Multi
Listing Agency:
Klamen Commercial Advisors
Listed By:
Jake Klamen · License #MO 2019001177
Source:
Crexi
Added: Aug 31
Changed: Oct 13
Last Checked: Oct 19 at 6:45AM
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 Klamen Commercial Advisors
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Investment Insights
Based on property information with market context.
This 9,410 SF strip center was completed in 2014 and contains five retail suites. The property is fully leased, with Mercy GoHealth Urgent Care and Jimmy John's serving as prominent occupants alongside Wax Coven, True Test, and Supplement Superstore. Each lease is structured on a triple-net basis, and the rent roll is staggered with a weighted average lease term of 5.48 years.
The center occupies 1.25 acres at 3233 E. Sunshine Street in Springfield, Missouri, near the interchange with Highway 65. A Walmart Neighborhood Market is located along the same corridor, which is supported by a five-mile population base of nearly 133,000 residents. The tenant roster includes Jimmy John's, which has occupied its space since 2015, and the leases include built-in rent growth.
The center occupies 1.25 acres at 3233 E. Sunshine Street in Springfield, Missouri, near the interchange with Highway 65. A Walmart Neighborhood Market is located along the same corridor, which is supported by a five-mile population base of nearly 133,000 residents. The tenant roster includes Jimmy John's, which has occupied its space since 2015, and the leases include built-in rent growth.
Key Highlights
- Fully leased five‑tenant strip center on 1.25 acres
- 9,410 SF property built in 2014
- All five leases structured on a triple‑net basis
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,030
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,400,600
$1.4M
Cap Rate 7%
$1,000,429
$1.0M
Cap Rate 9%
$778,111
$778.1K
Market Conditions
NOI Build-Up for 9,410 SF
Gross rent
$103.9K $11.04/SF
− Vacancy
−$3.8K −$0.41/SF
EGI
$100.0K $10.63/SF
− OpEx
−$30.0K −$3.19/SF
NOI
$70.0K $7.44/SF
Area
Springfield, MO
Vacancy
3.70%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,400,600
Cap Rate 7%
$1,000,429
Cap Rate 9%
$778,111
Alternative Uses
Best Use
Retail
$1.00M
$875.4K – $1.17M
NOI $70,030 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,419 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Explore this area
Business Placement
Demographics for 65804, MO
40,064
Population
20,118
Households
2
Avg Household Size
40
Median Age
42%
College-Educated
97%
High-School Grad
18.6 sq mi
ZIP Area
2,154
Density / Sq Mi
$58,288
Median Household Income
$40,103
Median Earnings
$898
Median Rent
$227,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied multi-tenant retail center with national and healthcare-oriented occupants under NNN leases.
Where is this strip mall located?
The property is located at 3233 E Sunshine Street Springfield, MO.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Fully leased five‑tenant strip center on 1.25 acres; 9,410 SF property built in 2014; All five leases structured on a triple‑net basis
