Starbucks NNN Property For Sale — Springfield, MO
631 S. Glenstone, Springfield, MO 65802
This 2,157-square-foot freestanding Starbucks, constructed in 2003 and remodeled in 2007, features a convenient drive-thru. The property benefits from a 10-year NNN lease with a corporate guaranty from Starbucks. The tenant is responsible for common area maintenance and utilities, and reimburses the landlord for real estate taxes and insurance upon invoice receipt. The landlord retains obligations for structural repairs and capital item replacement. Located on Glenstone Avenue, a prime retail corridor in Springfield, MO, the property is surrounded by national retailers and is less than one mile from Missouri State University, which has an enrollment of nearly 20,000 students. The area boasts high traffic counts of 39,120 vehicles per day and a significant college student population.
- Address: 631 S. Glenstone, Springfield, MO 65802
- Asking price $1.35M
- 7.00% cap rate
- NOI $94,640
- 10 years remaining
- NNN lease
- Year built: 2003
- Building size: 2,157 SF
- Lot size: 0.58 acres
- Lease expiration: Jul 24, 2017
- Guarantor: Corporate
Location
This Starbucks property is at 631 S. Glenstone in Springfield, Missouri.
Asset type: Retail