Current Use by Public Records
- Outback Steakhouse / Restaurant
Property Details for 3110 36Th St
- Year built
- 2001
- Lot size
- 1.52 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 6,205-square-foot Outback Steakhouse in Joplin, Missouri. Located on a 1.52-acre lot at 3110 E 36th St, 64804, this property boasts an absolute NNN lease with a corporate guarantee from Bloomin' Brands, offering ±12.4 years remaining on the primary term with three, 5-year renewal options. The lease includes attractive 1.8% annual rent increases, generating a strong NOI of $173,011 and a 6.35% cap rate. The asking price is $2,724,600 ($439.10/sq ft). This prime location enjoys excellent visibility and access along East 36th Street, near its intersection with South Rangeline Road and Interstate 44. It's strategically positioned as an outparcel to a Sam's Club, surrounded by numerous hotels, restaurants, and national retailers, including a major shopping mall within a 10-minute drive. The area features a high concentration of retail, office, industrial, and multifamily units within a 3-mile radius, ensuring consistent traffic and strong tenant demand. Built in 2001, this property represents a secure, high-performing investment with significant long-term potential. The property is currently 100% occupied.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Joplin
- County
- Newton
- State
- Missouri
- Longitude
- -94.4766
- Latitude
- 37.0502
