1337 Westwood BlvdPoplar Bluff, MO 63901

Property Details for 1337 Westwood Blvd

Year built

2018

Lot size

0.68 AC

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 3,750 square foot, multi-tenant retail storefront located at 1337 N Westwood Blvd, Poplar Bluff, MO 63901. Built in 2018, this property sits on a 0.68-acre lot and boasts a strong 6.00% cap rate, generating a Net Operating Income (NOI) of $142,525. The asking price is $2,375,000. The property features a Starbucks with a drive-thru and a Verizon Wireless store, both operating under NNN leases. Starbucks holds a corporate lease with significant remaining lease term and built-in rent increases. Verizon recently extended their lease for five years and occupies a relocated and expanded space. This location benefits from its strategic placement as a pad to a regional shopping center, anchored by well-known national retailers including Goodwill, Ollie's Bargain Outlet, Dollar General, Buffalo Wild Wings, and Subway. Poplar Bluff serves as a regional hub for healthcare, education, and business, supporting a population exceeding 100,000 within an eight-county area encompassing Missouri and Arkansas. The city's robust employment base includes major employers such as Poplar Bluff Regional Medical Center, John J. Pershing V.A. Clinic, and Briggs & Stretton Corp. The absence of competing Starbucks within a significant radius further enhances the property's value and potential for continued success. The property's high-quality construction and strong tenant occupancy make it an attractive investment for discerning buyers seeking stable income and long-term growth. The favorable drive-thru format of the Starbucks location contributes significantly to its revenue stream. This is a rare opportunity to acquire a well-positioned, high-performing retail property in a thriving regional market. The APN is 08-08-33.0-004-012-001.120.

Location Insight

City

Poplar Bluff

County

Butler

State

Missouri

Latitude

36.7696

Longitude

-90.4165

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