Net Leased Restaurant
For Sale
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3242 S Stewart Ave, Springfield, MO 65804
Net leased restaurant property operating as K-Pot Korean BBQ & Hot Pot on a triple-net basis.
Property Size6,470 SF
Lot Size1.21 Acres
Price / SF$454.40
Days on Market168
Property Features for 3242 S Stewart Ave
General Information
Standard status
Active
Size
6,470 SF
Lot size
1.21 Acres
Property subtype
RETAIL
Lease Type
NNN
Site & Location
Neighborhood
Bradford Park
Additional Details
Lease Term
60 months
Cap Rate
6.41%
Listing Agency:
SVN | Rankin Company, LLC
(417) 887-8826
Listed By:
Lee McLean III, SIOR, CCIM
(417) 818-8894
Source:
Moodyscre
Added: May 12
Changed: Oct 26
Last Checked: Oct 24 at 5:32PM
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 SVN | Rankin Company, LLC
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Investment Insights
Based on property information with market context.
SVN presents a net leased restaurant investment for sale with K-Pot Korean BBQ & Hot Pot as the tenant. The lease is described as triple net with a 5-year term signed in 2024, and the operator is finalizing extensive renovations after the lease start.
The property is located near a major concentration of retail in Springfield, with Simon’s Battlefield Mall noted as being less than 1/2 mile away and identified in the remarks as 1.2 million square feet with over 12 million visitors per year.
The building totals 6,470 SF, situated on a 1.205-acre lot. The transaction is offered for sale as a triple-net investment.
The property is located near a major concentration of retail in Springfield, with Simon’s Battlefield Mall noted as being less than 1/2 mile away and identified in the remarks as 1.2 million square feet with over 12 million visitors per year.
The building totals 6,470 SF, situated on a 1.205-acre lot. The transaction is offered for sale as a triple-net investment.
Key Highlights
- Net leased restaurant for sale operating as K‑Pot Korean BBQ & Hot Pot on a triple‑net (NNN) lease
- 5‑year lease signed in 2024; tenant finalizing extensive renovations
- 6,470 SF restaurant building on 1.205‑acre lot
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,148
Businesses Nearby
Under-served
Demand for This Use
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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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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Pizza Ranch — 2825 S Glenstone Ave, Springfield, MO 65804
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Net leased restaurant property operating as K-Pot Korean BBQ & Hot Pot on a triple-net basis.
Where is this conventional restaurant located?
The property is located at 3242 S Stewart Ave Springfield, MO.
What is the asking price?
The asking price for this property is $2,940,000.
What are key features of this property?
This property features: Net leased restaurant for sale operating as K‑Pot Korean BBQ & Hot Pot on a triple‑net (NNN) lease; 5‑year lease signed in 2024; tenant finalizing extensive renovations; 6,470 SF restaurant building on 1.205‑acre lot
