Two-Tenant NNN Strip
New
For Sale
$2,188,000
631 E 7th St, Joplin, MO 64801
Retail center occupied by Chipotle and Kay Jewelers at a signalized intersection near Target.
Property Size4,207 SF
Price / SF$520.09
Days on Market1
Property Features for 631 E 7th St
General Information
Standard status
Active
Size
4,207 SF
Property subtype
Shopping Strip
Site & Location
Corner Location
Yes
Traffic Count
53,120 vehicles/day
Amenities
Chipotle and Kay Jewelers | Joplin, Missouri | Caters to Over 210,000 Population Base
Situated at Busiest Signalized Intersection in Region Seeing Over 53,120 Vehicles Per Day
Target Shadowed – Over 1.2 Million Visitors Per Year | Situated in Heart of Primary Retail Corridor
Ease of Management with Only Two National Corporate-Backed Tenants | Landlord Favorable Triple-Net Lease Structures
Below-Market Rents for Respective Brands Offers Significant NOI Growth Potential | Strong Protection Against Relocation in a Submarket with Less Than 2.2 Percent Vacancy
Chipotle Pays Just $41.14 per Square Foot and 46 Percent Below Newer Locations | Only Location Within 70 Miles | 10 Percent Option Rent Increases
Proven Tenant Commitment | Both Tenants Original to the Property | 13 Plus Years of Operating History | Both Renewed in 2023 Modest Rent Levels | High NOI Growth Potential
Dense and Mature Demos | Population Counts of 6,378 Within One-Mile, 45,604 Within Three-Miles, and 121,474 Within 10-Miles | AHHI in Excess of $81,000
Building Details
Building Size
4,207 SF
Year Built
2013
Tenancy
Multi
Listed By:
Zach Turner · License #License(s): OH: SAL.2018003592
(614) 360-9032
Source:
Marcusmillichap
Added: Sep 13
Last Checked: Sep 13 at 3:15PM
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 Zach Turner
Investment Insights
Based on property information with market context.
Built in 2013, this 4,207-square-foot strip center is occupied by Chipotle and Kay Jewelers, which operate in 2,200-square-foot and 2,007-square-foot spaces, respectively. Both tenants are corporate-backed and operate under NNN leases. Chipotle’s lease runs through October 2028 and includes three five-year options with 10 percent rent increases; Kay Jewelers’ current term extends through August 2028.
The property occupies the hard corner of South Range Line Road and East 7th Street in Joplin, Missouri, with reported traffic of more than 53,120 vehicles per day. A Target directly shadows the center and attracts more than 1.2 million annual visitors. The surrounding retail corridor includes Walmart, Home Depot, Best Buy, TJ Maxx, Ross, Burlington, PetSmart, Lowe’s, Chick-fil-A, Raising Cane’s, Texas Roadhouse, McDonald’s, and Starbucks.
The property was built with two original tenants, and the investment is reported at a 6.75% cap rate. Demographic counts include 6,378 residents within one mile, 45,604 within three miles, and 121,474 within 10 miles.
The property occupies the hard corner of South Range Line Road and East 7th Street in Joplin, Missouri, with reported traffic of more than 53,120 vehicles per day. A Target directly shadows the center and attracts more than 1.2 million annual visitors. The surrounding retail corridor includes Walmart, Home Depot, Best Buy, TJ Maxx, Ross, Burlington, PetSmart, Lowe’s, Chick-fil-A, Raising Cane’s, Texas Roadhouse, McDonald’s, and Starbucks.
The property was built with two original tenants, and the investment is reported at a 6.75% cap rate. Demographic counts include 6,378 residents within one mile, 45,604 within three miles, and 121,474 within 10 miles.
Key Highlights
- 4,207‑square‑foot strip center built in 2013
- Two corporate‑backed tenants: Chipotle and Kay Jewelers
- NNN leases with taxes, CAM, insurance, and certain management costs passed through
Property Analytics
Current Use
Lease Details
53,120 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,337
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Home Improvements & Furnishings 19%
Electronics 4%
Arvest Bank
Shops & Services
4,446 visits/mo
0.4 miles
Dollar General
Shops & Services
3,979 visits/mo
0.1 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
2,018 visits/mo
0.3 miles
Metro by T-Mobile
Electronics
438 visits/mo
0.1 miles
Demographics for 64801, MO
35,234
Population
17,460
Households
2
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
57.5 sq mi
ZIP Area
613
Density / Sq Mi
$51,360
Median Household Income
$31,103
Median Earnings
$884
Median Rent
$176,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Retail center occupied by Chipotle and Kay Jewelers at a signalized intersection near Target.
Where is this strip mall located?
The property is located at 631 E 7th St Joplin, MO.
What is the asking price?
The asking price for this property is $2,188,000.
What are key features of this property?
This property features: 4,207‑square‑foot strip center built in 2013; Two corporate‑backed tenants: Chipotle and Kay Jewelers; NNN leases with taxes, CAM, insurance, and certain management costs passed through
