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 | |
Updated | August 24th, 2017 |
Type | Office |
Price | $1,639,000 |
Building | 17,010 Sq. Ft. |
Land | 1.56 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.
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