Current Use by Public Records
- Starbucks / Cafe & Coffee Shop
Property Details for 1337 Westwood Blvd
- Year built
- 2018
- Lot size
- 0.68 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 3,750 square foot, multi-tenant retail storefront located at 1337 N Westwood Blvd, Poplar Bluff, MO 63901. Built in 2018, this property sits on a 0.68-acre lot and boasts a strong 6.00% cap rate, generating a Net Operating Income (NOI) of $142,525. The asking price is $2,375,000. The property features a Starbucks with a drive-thru and a Verizon Wireless store, both operating under NNN leases. Starbucks holds a corporate lease with significant remaining lease term and built-in rent increases. Verizon recently extended their lease for five years and occupies a relocated and expanded space. This location benefits from its strategic placement as a pad to a regional shopping center, anchored by well-known national retailers including Goodwill, Ollie's Bargain Outlet, Dollar General, Buffalo Wild Wings, and Subway. Poplar Bluff serves as a regional hub for healthcare, education, and business, supporting a population exceeding 100,000 within an eight-county area encompassing Missouri and Arkansas. The city's robust employment base includes major employers such as Poplar Bluff Regional Medical Center, John J. Pershing V.A. Clinic, and Briggs & Stretton Corp. The absence of competing Starbucks within a significant radius further enhances the property's value and potential for continued success. The property's high-quality construction and strong tenant occupancy make it an attractive investment for discerning buyers seeking stable income and long-term growth. The favorable drive-thru format of the Starbucks location contributes significantly to its revenue stream. This is a rare opportunity to acquire a well-positioned, high-performing retail property in a thriving regional market. The APN is 08-08-33.0-004-012-001.120.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Poplar Bluff
- County
- Butler
- State
- Missouri
- Longitude
- -90.4165
- Latitude
- 36.7696
