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Property profile & analytics
FOR SALE
Drive through restaurants

2058 S Glenstone Ave Springfield, MO 65807

2,740 SF 0.61 ac lot Built 1963
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US48-0268953
Property summary
AI-generated overview

This exceptional 2,740-square-foot restaurant building, located at 2058 S. Glenstone Ave in Springfield, Missouri, is available for sale at $1,200,000. Currently 100% occupied, this single-tenant property boasts a prime location in a high-traffic area of Southeast Springfield, near the intersection of Glenstone and Sunshine Streets. The building features an open dining and bar area, a drive-through window, a fully equipped kitchen with two walk-in coolers and a freezer, and two restrooms. Additional features include a large 489-square-foot storage area. The 0.61-acre lot provides ample space, and the property includes 37 parking spaces. The property is zoned for General Retail and benefits from high visibility and accessibility, with nearby businesses including Plaza Towers, Jim's Steakhouse, Early Bird Breakfast Pub, Mercy Hospital, Hy-Vee, Brown Derby Wine Center, and Red Lobster. Annual property taxes are $7,348.01. Traffic counts at the nearby intersections of Sunshine & Glenstone and Seminole & Glenstone are 68,930 and 37,115 vehicles per day, respectively. This is a rare opportunity to acquire a successful, established restaurant in a vibrant and growing community. The lease type is NNN.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1963
Total area 2,740 SF
Lot 0.61 ac (26,572 SF)
Zoning code INC
APN 88-12-32-206-031
UPID US48-0268953
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Tan Brothers LLC · 19 yrs held
Tan Brothers LLC
since 2007
5 recorded transactions
2023
Price N/A
2007
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
INC · Springfield, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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