Property Listing No Longer Available for Sale

2940 S Glenstone, Springfield, MO

Office for Sale - $1,639,000 - 17,010 Sq. Ft. on 1.56 acres


Property Info

CIMLS#953387
Location
  2940 S Glenstone
  Springfield MO 65804
UpdatedAugust 24th, 2017
TypeOffice
Price$1,639,000
Building17,010 Sq. Ft.
Land1.56 acres

Property Description

NNN Leased Bank of America on Leased Land in Springfield MO.

8.24% CAP Rate with NOI of $135,010.32.

5 Year Initial Lease Term w/ 6 renewal options of 5 years each.

Tenant pays Land Lease amount of $4,997.43 monthly.

Land leased till 2021, with a 25 year option to renew and another 24 year option to renew.

17,010 square foot office located at Glenstone & Battlefield, across from Battlefield Mall.

Four drive-thru teller lanes and one ATM lane.

+/- 72 parking spaces.

+/- 245' frontage on Glenstone & Battlefield.

Zoned General Retail.

For Sale at $1,639,000.

Please Do Not Disturb Tenant.

To preview this property or others please call, text or email the Listing Agent. Thank you.

Location Description:

Located across from Battlefield Mall. Neighboring businesses include JC Penny, Macy's, Olive Garden, Office Depot, Pier 1 Imports, Chili's Grill & Bar, Friendly Ford, LongHorn Steakhouse, Barnes & Noble, GameStop, Men's Warehouse and many other local and national companies.

Mike Fusek, CCIM serves as Senior Advisor for SVN Commercial in the

Springfield Missouri metro area. Top 4% National Advisor in SVN

International - 2016, 2015, 2014, 2013, 2012, 2011, 2010 and 2009.

Highlights:

>> NNN Leased Bank of America on Leased Land in Springfield MO.

>> 8.24% CAP Rate with NOI of $135,010.32.

>> 5 Year Initial Lease Term w/ 6 renewal options of 5 years each.

>> Tenant pays Land Lease amount of $4,997.43 monthly.

>> Land leased till 2021, with a 25 year option to renew and another 24 year option to renew.

>> 17,010 square foot office located at Glenstone & Battlefield, across from Battlefield Mall.

>> Four drive-thru teller lanes and one ATM lane.

>> +/- 72 parking spaces.

>> +/- 245' frontage on Glenstone & Battlefield.

>> Zoned General Retail.

>> For Sale at $1,639,000.

>> Please Do Not Disturb Tenant.

>> To preview this property or others please call, text or email the Listing Agent. Thank you.

* Email for additional photos


Financials