102 Ridgecrest Ave Nixa, MO 65714-7807
- Gas stations
- 4,424 SF
- 1.11 lot acres
Current Use by Public Records
- Western Union / Money Transfer Service
Property Details for 102 Ridgecrest Ave
- Year built
- 2006
- Lot size
- 1.11 lot acres
- Property size
- 4,424 SF
- Property type
- Gas stations
- APN
- 10-0.6-13-004-012-001.000
- APU
- 100613004012001000
Description
This exceptional investment opportunity presents a fee-simple, 4,424 square-foot, Class A retail property located at 102 S Ridgecrest Ave, Nixa, MO 65714. The property, built in 2006, consists of two buildings on a 1.11-acre lot and features a 12-pump Kum & Go gas station with a carwash, air, and vacuum stations. Currently operating under an absolute NNN lease with a corporate guarantee from Maverik (who acquired Kum & Go in 2023), the lease commenced December 1, 2006, and expires November 30, 2026, with four five-year renewal options. The lease includes 8% rent increases every five years throughout the base term and options. The property boasts a strong net operating income (NOI) of $107,075, resulting in a 5.49% cap rate and a price per square foot of $440.78. The asking price is $1,950,000. The property is zoned commercial and enjoys a high-traffic location on a desirable corner lot, surrounded by apartments and street malls, with an average annual daily traffic count of approximately 14,000 vehicles. Within a three-mile radius, there are approximately 34,237 residents. This property is ideal for a 1031 exchange, offering hassle-free ownership with the tenant responsible for insurance, taxes, maintenance, and most repairs. The property's strong tenant, favorable lease terms, and prime location make it a compelling investment opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nixa
- County
- Christian
- State
- Missouri
- Longitude
- -93.2835
- Latitude
- 37.0427
- CBSA code
- 44180
- CBSA name
- SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA
