Listed by ParaSell Inc, CrownPoint Partners
$2,920,290
Total Point Urgent Care | Springfield, MO
Details
APN 881314403022
Property Type Retail, Office
Sub Type Medical Office
Square Footage 3,634
Cap Rate 7.25%
NOI $211,721
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 03/19/2044
Remaining Term 17.8
Rent Bumps Yes
Lease Options 4x 5 year
Broker Co-Op True
Class A
Year Built 2004
Year Renovated 2024
Acreage 0.730
Parking Spaces 33 spaces
Parking Per SqFt 9.08
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/20/2024
Ground Lease No
Retail | 7.25% CAP | 3,634 SqFt
Investment highlights
PROPERTY HIGHLIGHTS
- 18 Years Remain on Absolute Net, Corporate Guaranteed Lease with Zero Landlord Responsibilities
- Attractive 2% Rent Increases Hedge Inflationary Risk
- 31,600 Vehicles Pass the Site Daily on West Chestnut Expressway (Highway 44)
- Dense Population with 168,399 People within a 5 Mile Radius
- Nestled Between Numerous College Campuses Including Missouri State University, the State's Second Largest University, Drury University and Ozarks Technical Community College
- Positioned in the Heart of Central Springfield, Missouri's Third Largest City
- Key Economic Drivers Include Springfield's Municipal Bldgs such as the Springfield Police Dept, Municipal Court, Green County Collector of Revenue, Greene County Circuit Court, Public Defenders Office, Midtown Library and More
- 0.7 Miles South of Cox North Hospital, a 100 Bed Facility
- Springfield is the County Seat of Greene County
- 100% Bonus Depreciation Available. Consult Segregation Advisor for More Information. Recommendations Available
Listing Contacts
Listed by ParaSell Inc, CrownPoint Partners
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$211,721.00
$17,643.42/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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