Current Use by Public Records
- TitleMax Title Loans / Loan Service
Property Details for 1164 Glenstone Ave
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 1,800 square foot, single-tenant storefront located at 1164 S Glenstone Ave, Springfield, MO 65804. The property boasts a strong 7.06% cap rate and a Net Net Net (NNN) lease with TitleMax, a long-term tenant since 2010, whose lease was recently renewed on July 1, 2023. The asking price is $850,000, translating to a price per square foot of $472.22. Situated on a high-traffic corridor with over 20,000 vehicles per day, the property offers excellent visibility and approximately 120 feet of frontage on S. Glenstone Avenue, near the intersection with E. Meadowmere Street. The property benefits from its location near numerous national and local businesses, including ByRider, Mister Car Wash, Subway, Walmart, and Dollar Tree, ensuring a strong and stable tenant base in a thriving commercial area. The property generates a Net Operating Income (NOI) of $60,000, making it an attractive investment for those seeking a stabilized, income-producing asset with a proven track record. This is a 100% occupied, stabilized investment property offering a secure and lucrative return. Further details are available upon request and execution of a Non-Disclosure Agreement.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.2617
- Latitude
- 37.1927
