1302 W Central Ave Carthage, MO 64836
Property Lookup
Property profile & analytics
1302 W Central Ave Carthage, MO 64836
- Drive through restaurants
- 684 SF
- 0.55 lot acres
Property ID
US48-1399454
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Drive through restaurants
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.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Carthage
- County
- Jasper
- State
- Missouri
- Longitude
- -94.3277
- Latitude
- 37.1785
- CBSA code
- 27900
- CBSA name
- JOPLIN, MO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,142
$4,530
$27,970
$32,500
-
$14,170
$87,420
$101,590
