631 S Glenstone Ave Springfield, MO
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Retail property with corporate Starbucks lease in Springfield, Missouri.
Type:RETAIL
Property size:
2,157 SFLot size:
0.59 AcresPrice / SF:
$996/SF- Added:
- Jan 14, 2025
- Days on Market:
- 464
- Last Refresh:
- Apr 5 at 11:12 pm
Property Features for 631 S Glenstone Ave
General Information
- Standard status
- Active
- Size
- 2,157 SF
- Lot size
- 0.59 Acres
- Property subtype
- RETAIL
Listing agent Chris Lind (602) 370-9255
Listing office Marcus & Millichap | Phoenix (602) 370-9255
Listing date Jan 14, 2025
Source Moodyscre
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
Overview
Glenstone Avenue Retail Opportunity
This retail property is located on Glenstone Avenue in Springfield, Missouri. The property benefits from its location on Glenstone Avenue, which sees nearly 39,000 cars per day at the corner of Glenstone Avenue and Cherry Street. It is situated one mile from Missouri State University, which has 27,000 students, and Evangel University, with 2,700 students. Downtown Springfield is two miles away. The surrounding area has a growing trade area with 165,372 residents within a 5-mile radius. Population and households are projected to increase 2-3% in the immediate area by 2028. The average household income exceeds $64,000 within a 5-mile radius. The property is currently operating as a Starbucks, which fully remodeled the site in 2023 and has over 7 years remaining on its corporate lease. The lease includes 10% rental increases every 5 years with multiple renewal options. The property size is 2,157 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Starbucks
Cafe & Coffee Shop
El Maguey | Mexican ...
Restaurant
Similar Places Nearby
- Starbucks — 2825 S Glenstone Ave, Springfield, MO 65804
- The Coffee Shop — 2825 S Glenstone Ave U01, Springfield, MO 65804
- Victoria's Cafe & Tea — 1550 E Battlefield Rd, Springfield, MO 65804
- Sno bubble tea — 2825 South Glenstone Avenue suite VC14, Springfield, MO 65804
- Edible Arrangements — 1336 E Battlefield Rd, Springfield, MO 65804
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.2625
- Latitude
- 37.2142
Nearby Similar for Sale
FAQs
What type of property is this?
Coffee shop - Retail property with corporate Starbucks lease in Springfield, Missouri.
Where is this coffee shop 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: Long‑term corporate lease with Starbucks (NASDAQ: SBUX) with 7+ years remaining and early 5‑year renewal.; Scheduled 10% rental increases every 5 years with multiple renewal options.; High traffic location on Glenstone Avenue with nearly 39,000 cars per day.
