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    2530 Grand Ave Carthage, MO 64836

    For Sale
    $2,005,714

    High-Yield Retail Investment Opportunity

    Property size:
    4,220 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a 4,220 square foot, 100% occupied retail shopping center in Carthage, Missouri. The property, built in 2022, features a single-story building on a 0.9-acre lot at 2530 S Grand Ave, 64836. The center boasts two tenants: T-Mobile, operating under a 10-year NNN lease with a corporate guarantee and credit rating, and SalTea Sloth Nutrition, on a 5-year NNN lease. Both leases commenced April 1, 2022 (T-Mobile) and October 2023 (SalTea Sloth Nutrition), respectively, with a remaining lease term of 9.1 years for T-Mobile and 4.9 years for SalTea Sloth Nutrition. The lease structure includes 10% rent bumps every five years, extending through all option periods. Three, 5-year lease options are included for T-Mobile. The property offers a strong 7.00% cap rate with a Net Operating Income (NOI) of $140,400 and an asking price of $2,005,714. The property benefits from a high-traffic location on S Grand Ave, seeing over 11,088 cars per day, and proximity to US Hwy 71. The surrounding area features a strong retail presence, including major national brands, and boasts an average household income exceeding $62,100 within a 5-mile radius. The SalTea Sloth Nutrition space includes a drive-thru lane. This fee-simple offering is ideal for a 1031 exchange. The building also has a fresh 15-year roof warranty.

    Property Features for 2530 Grand Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    4,220 SF
    Lot Size
    39,204 SF

    Building Details

    Year Built
    2022
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 100% occupied, two‑tenant retail building leased to T‑Mobile and SalTea Sloth Nutrition.
    • T‑Mobile operates under a 10‑year NNN lease; minimal landlord responsibilities.
    • SalTea Sloth Nutrition operates under a 5‑year NNN lease; minimal landlord responsibilities.
    • 10% rent increases every five years, including option periods.
    • 2022 construction with a 15‑year roof warranty.
    • SalTea Sloth Nutrition features a drive‑thru lane and opened October 2023.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carthage
    County
    Jasper
    State
    Missouri
    Longitude
    -94.3096935
    Latitude
    37.1447127

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    FAQs

    What type of property is this?
    Lifestyle center - High-Yield Retail Investment Opportunity
    Where is this lifestyle center located?
    The property is located at 2530 Grand Ave Carthage, MO.
    What is the asking price?
    The asking price for this property is $2,005,714.
    What are key features of this property?
    This property features: 100% occupied, two-tenant retail building leased to T-Mobile and SalTea Sloth Nutrition.; T-Mobile operates under a 10-year NNN lease; minimal landlord responsibilities.; SalTea Sloth Nutrition operates under a 5-year NNN lease; minimal landlord responsibilities.
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    2530 Grand Ave Carthage, MO 64836
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2530 Grand Ave Carthage, MO 64836
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