For Sale
$2,684,000

2541 Grand Ave Carthage, MO 64836

Missouri Net-Leased QSR

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a newly constructed, 2,480 square foot Starbucks in Carthage, Missouri, situated on a 1.03-acre lot. Boasting a rare 12-year primary lease with a credit-rated corporate guarantor, the property features a 10% rent increase in year six and 7.5% increases in each of four, five-year options. The lease is a triple-net (NNN) agreement, with the tenant responsible for all landscaping, CAM, HVAC, and daily operations. The building is strategically located in Carthage's main retail corridor, adjacent to a Walmart Supercenter and Aldi, and near other national retailers, a high school, and a YMCA. This prime location, combined with the strength of the Starbucks brand and the long-term lease, offers a compelling investment with a 6.50% cap rate and a current NOI of $174,500. The concrete parking lot ensures a longer lifespan than asphalt. The property's strong tenant, favorable lease terms, and prime location make it an attractive addition to any portfolio. The building was constructed in 2024/2025 and is currently 100% occupied. The asking price is $2,684,000. This is a single-tenant property with no early termination option.

Highlights

  • Rare 12-year primary lease with Starbucks (S&P: BBB+).
  • Investment-grade tenant with a 10% rent increase in year six.
  • Triple-net (NNN) lease; tenant responsible for all landscaping, CAM, HVAC, and operations.
  • Concrete parking lot.
  • Excellent location adjacent to Walmart Supercenter and Aldi, near Carthage High School and YMCA.
  • Situated in Carthage's main retail corridor with other national retailers.

Property Details for 2541 Grand Ave

Property type
Retail properties, Retail space
Square Feet
2,480 SF
Year Built
2024
Lot Size (sq. ft)
44,867 SF

Location Insight

City
Carthage
County
Jasper
State
Missouri
Latitude
37.144249428862
Longitude
-94.310729809628

FAQs

What type of property is this?
Retail property - Missouri Net-Leased QSR
Where is the retail property located?
The property is located at 2541 Grand Ave Carthage, MO.
What is the asking price?
The asking price for this property is $2,684,000.
What are key features of this property?
This property features: Rare 12-year primary lease with Starbucks (S&P: BBB+).; Investment-grade tenant with a 10% rent increase in year six.; Triple-net (NNN) lease; tenant responsible for all landscaping, CAM, HVAC, and operations.
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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2541 Grand Ave
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