For Sale
$400,000

1302 W Central Ave Carthage, MO 64836

Carthage, MO NNN Ground Lease

Overview

Added:
Jan 27
Days on market:
86
This exceptional investment opportunity presents a freestanding Scooter's Coffee building in Carthage, Missouri. The property boasts a 10-year absolute NNN ground lease, guaranteed by a reputable 3-unit operator, with four 5-year renewal options and 10% rent increases every five years. Situated on West Central Avenue, a major thoroughfare with over 11,000 vehicles daily, the property enjoys excellent visibility and convenient access to Interstate 49. Its strategic location is adjacent to a new Pete's One Stop and near Leggett & Platt Distribution Center, ensuring high traffic and strong consumer base. The property benefits from a thriving commercial environment, with nearby established businesses including Arby's, Sonic Drive-In, Dollar General, Subway, and Burger King. Carthage, a historic city with a population of approximately 14,000-15,000, offers a blend of small-town charm and a diverse economy. The 850 square foot building sits on a 0.4017 acre lot. This is a rare chance to acquire a secure, passive income-generating asset with significant long-term growth potential. The property is offered at $400,000.

Highlights

  • Guaranteed 10-year NNN ground lease with four, five-year renewal options.
  • Prime location on West Central Avenue, a major thoroughfare with high daily traffic.
  • Strong tenant, a reputable 3-unit operator, ensures consistent rental income.

Property Details for 1302 W Central Ave

Property type
Retail properties
Investment Type
net-lease
Square Feet
850 SF
Price / Square Foot
$470.59
Buildings
1
Stories
1
Elevators
N/A
Lot Size (sq. ft)
17,500 SF
Units
1

Location Insight

City
Carthage
County
State
Missouri

FAQs

What type of property is this?
Retail property - Carthage, MO NNN Ground Lease
Where is the retail property located?
The property is located at 1302 W Central Ave Carthage, MO.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Guaranteed 10-year NNN ground lease with four, five-year renewal options.; Prime location on West Central Avenue, a major thoroughfare with high daily traffic.; Strong tenant, a reputable 3-unit operator, ensures consistent rental income.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1302 W Central Ave
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