For Sale
$400,000

1302 Central Ave Carthage, MO 64836

High-yield, low-maintenance QSR investment.

Overview

Added:
Dec 11, 2024
Days on market:
133
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.

Highlights

  • 10-Year Absolute NNN Ground Lease with zero landlord responsibilities.
  • Triple-net (NNN) lease with a strong 3-unit operator guaranteeing the lease.
  • 10% rent increases every five years.
  • Prime drive-thru location.
  • Excellent visibility on West Central Avenue.
  • Strong tenant mix nearby, including Arby's, Sonic, Dollar General, Subway, and Burger King.

Property Details for 1302 Central Ave

Property type
Retail properties

Location Insight

City
Carthage
County
Jasper
State
Missouri
Latitude
37.1785618
Longitude
-94.3276184

FAQs

What type of property is this?
Retail property - High-yield, low-maintenance QSR investment.
Where is the retail property located?
The property is located at 1302 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: 10-Year Absolute NNN Ground Lease with zero landlord responsibilities.; Triple-net (NNN) lease with a strong 3-unit operator guaranteeing the lease.; 10% rent increases every five years.
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 Central Ave
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