1302 Central Ave Carthage, MO 64836
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.