3015 Prosperity Ave Joplin, MO 64804

This exceptional investment opportunity presents a 63,000-square-foot, single-tenant net lease industrial distribution center in Joplin, Missouri. The property, built in 2022, is situated on a 5.09-acre lot and boasts a prime location within a dense industrial corridor experiencing significant growth, with a current vacancy rate of only 2.0%. The building is currently 100% occupied by Lowe's, a BBB-rated tenant with a strong credit profile (NYSE: LOW), under a net lease agreement with a remaining term of 5.7 years. The lease commenced December 5, 2022, and expires July 31, 2030, featuring 3% annual rent escalations. The asking price is $8,970,000, representing a compelling cap rate of 5.75% and a price per square foot of $142.38. The property's zoning is C-3, and the Net Operating Income (NOI) is $515,970. The lease includes options for renewal, with a 5-year option and a 3-year option. This build-to-suit last-mile distribution center offers excellent accessibility to Joplin and the Ozark region, making it an ideal investment for those seeking a stable, high-return asset in a thriving market. The property's strategic location within Lowe's supply chain further enhances its long-term value.