Current Use by Public Records
- Lifestyle centers
Property Details for 3003-3047 Kansas Expy
- Lot size
- 5.66 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 47,500 square foot shopping center presents a compelling investment opportunity in Springfield, Missouri. Located at 3003-3047 S. Kansas Expressway, this multi-tenant property sits on a 5.66-acre lot, offering excellent visibility and accessibility across from a Hy-Vee grocery store at the intersection of S. Kansas Expressway and W. Battlefield Rd. The property comprises four buildings, currently housing a diverse mix of established tenants including WellSpring School of Allied Health, Paul Mitchell The School, Hanger Prosthetics, and J&M Engineering. The property is zoned for general retail use, providing flexibility for future development or tenant diversification. The asking price is $6,400,000, translating to a price per square foot of $134.74. This is a triple-net (NNN) leased property, meaning each tenant is responsible for their pro-rata share of real estate taxes, insurance, and common area maintenance, minimizing the owner's operational responsibilities and maximizing passive income potential. The property's strong tenant base, prime location, and favorable lease structure make it an attractive investment for discerning buyers seeking a stable and appreciating asset in a thriving market. This is a rare opportunity to acquire a well-established, income-producing shopping center in a high-traffic area of Springfield, Missouri. The property's size, location, and tenant mix offer significant potential for long-term growth and return on investment.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.3164
- Latitude
- 37.1597
