2963 Division St, Springfield, MO 65803-5242
- Retail space
- 2.26 lot acres
Current Use by Public Records
- Kum & Go / Gas Station
- Western Union / Bank / Credit Union
- Amazon Hub Counter - KUM & GO #1467 / Marketing & Advertising / IT Consulting Firm
- ChargePoint Charging Station / Electric Vehicle Charging Station
- ATM (Kum & Go) / Grocery & Convenience Store
Property Details for 2963 Division St
- Year built
- 1991
- Lot size
- 2.26 lot acres
- Zone code
- INC
- Property type
- Retail space
- APN
- 88-12-09-312-107
- APU
- 881209312107
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 22, 2021 | — | Llej Kg 1467 LLC | — | Deed · related | $4.9M · Simmons Bank |
| Nov 20, 2017 | — | Jkl Corner Stores LLC | Src Realty INC | Grant Deed | $5.6M · First Oklahoma Bk |
| — | — | Jkj Corner Stores LLC | — | Deed Of Trust · related | $5.6M · First Oklahoma Bk |
Description
This exceptional investment opportunity presents a fee-simple, Class A, 4,495 square foot, single-tenant retail property located at 2963 E Division St, Springfield, MO 65803. The property, built in 2019, operates as a Kum & Go gas station and convenience store, boasting a 100% occupancy rate since its opening on December 31, 2019. The absolute NNN lease with a corporate guarantee ensures minimal landlord responsibilities and provides financial security. The lease, commencing December 31, 2019, has a remaining term of 15.1 years, with four five-year options, extending the lease to December 30, 2039. Rent increases are built into the lease, with a 7.5% bump every five years. The property sits on a 1.55-acre lot and includes seven gas pumps. The property's strong financial performance is reflected in its $6,817,719 asking price, a $1,516.73 price per square foot, and a 5.35% cap rate, generating a net operating income (NOI) of $364,748. The property is zoned for commercial use and benefits from its strategic location in a high-traffic retail corridor, less than a mile from Highway 65, experiencing 31,746 vehicles daily. Nearby prominent businesses include Walmart, several hotels, and numerous fast-food restaurants. The property is eligible for bonus depreciation, offering significant tax advantages. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a prime Springfield, Missouri location.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.2351
- Latitude
- 37.225
- CBSA code
- 44180
- CBSA name
- SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA
