For Sale
$2,240,000

910 Madison St Webb City, MO 64870

15-Year NNN Lease, High-Growth Brand

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a brand-new, 1,782 square-foot HTEAO quick-service restaurant featuring a dual drive-thru. Located in Webb City, Missouri, on a 0.92-acre lot at 910 S Madison St (zip code 64870), this Class A property boasts a 15.4-year remaining lease term (expiring 03/31/2040) with a highly desirable Absolute NNN lease structure. The lease includes 1.5% annual rent bumps, ensuring consistent income growth. The property benefits from a strong 6.25% cap rate and a current NOI of $140,000. Built in 2025, this location is part of the largest franchisee in the HTeaO system, a rapidly expanding iced tea operator. Its prime location along a major retail corridor with over 21,000 vehicles daily provides excellent visibility and accessibility. The area is densely populated with numerous national retailers including Walmart, Target, Kohl's, and more, as well as a large shopping mall, a regional airport, and several schools and Missouri Southern State University, creating a substantial customer base. The property's position on historic Route 66 further enhances its appeal to both local residents and tourists. This is a rare opportunity to acquire a high-performing, low-maintenance investment with significant long-term potential. The asking price is $2,240,000.

Highlights

  • 15-Year Absolute Net Lease with 1.5% annual increases and CPI adjustments in options.
  • High-traffic location on US Route 66, exceeding 21,000 vehicles daily, offering excellent visibility and accessibility.
  • HTeaO, the largest and fastest-growing iced tea franchise, occupies the space.
  • Excellent proximity to major national retailers including Walmart, Target, Kohl's, and more.
  • Less than one mile from Joplin Regional Airport.
  • Adjacent to Northpark Mall, a 1M+ sq. ft. regional shopping center.

Property Details for 910 Madison St

Property type
Retail properties, Restaurants
Square Feet
1,782 SF
Class
A
Year Built
2025
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Webb City
County
Jasper
State
Missouri
Latitude
37.1357605
Longitude
-94.4754023

FAQs

What type of property is this?
Retail property - 15-Year NNN Lease, High-Growth Brand
Where is the retail property located?
The property is located at 910 Madison St Webb City, MO.
What is the asking price?
The asking price for this property is $2,240,000.
What are key features of this property?
This property features: 15-Year Absolute Net Lease with 1.5% annual increases and CPI adjustments in options.; High-traffic location on US Route 66, exceeding 21,000 vehicles daily, offering excellent visibility and accessibility.; HTeaO, the largest and fastest-growing iced tea franchise, occupies the space.
How can I contact the broker?
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910 Madison St
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