1302 W Central Ave Carthage, MO 64836

Property Details for 1302 W Central Ave

Year built

2021

Lot size

0.55 lot acres

Property size

684 SF

Property type

Drive through restaurants

APN

14-3.0-5-10-9-1.0

APU

1430510910

Description

This exceptional investment opportunity presents a brand-new, freestanding Scooter's Coffee building in Carthage, Missouri, secured by a 10.1-year absolute NNN ground lease, expiring September 30, 2031. The lease commenced September 8, 2021, and boasts a substantial 6.8 years of remaining term. The property features a 7.50% cap rate and a current net operating income (NOI) of $30,000. The lease includes four, five-year renewal options with a 10% rent increase every five years throughout the initial term and options. This drive-thru location is situated on a 17,500 square foot lot at 1302 W Central Ave, Carthage, MO 64836, a high-traffic area with excellent visibility along West Central Avenue, experiencing over 11,000 vehicles daily. Its strategic location provides easy access to Interstate 49, connecting to Kansas City. The property benefits from a corporate guarantee from a reputable three-unit operator, minimizing landlord responsibilities and ensuring consistent income. The site enjoys a strong location adjacent to a new Pete's One Stop and near other established businesses including Arby's, Sonic Drive-In, Dollar General, Subway, and Burger King, creating a vibrant commercial environment. This is a passive income opportunity with significant long-term growth potential. The asking price is $400,000.