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Property profile & analytics
OFF-MARKET
Drive through restaurants

1302 Central Ave Carthage, MO 64836

684 SF 0.55 ac lot Built 2021
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US48-1399454
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2021
Total area 684 SF
Lot 0.55 ac (23,914 SF)
APN 14-3.0-5-10-9-1.0
UPID US48-1399454
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Stillwell Investments LLC · 5 yrs held
Stillwell Investments LLC
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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