2001 Main St, Joplin, MO 64804

12,000 SF | Retail Building | Joplin, MO 64804 | $2,538,462 ($212/SF) | 6.50% Cap Rate

Asking Price $2,538,462

Property Type
Retail
Square Feet
12,000 SF
Price / Square Foot
$212

Listing Contacts

Christian Becker
Christian Becker
Conrad Sarreal
Conrad Sarreal
  • Property Info

Property Overview

Broker of Record
Kyle Matthews
License No. 2022018843 (MO)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Details

Class
C
Year Built
2011
Stories
1
Property Subtype
Drug Store
Lot Size (sq. ft)
27,443 SF

Highlights

  • REBUILT STORE – This Walgreens was fully reconstructed in 2011, leveraging the established customer base and prime location
  • LOW MARKET RENT/PSF – This Walgreens benefits from a below-market rent of $12.22 per square foot, significantly lower than other Walgreens in Joplin
  • JOPLIN, MO – Joplin has experienced impressive growth of 7.4% between 2010 and 2020, solidifying its position as a strong retail market
  • PREVIOUS EXTENSION – Secured by a 10-year lease extension in 2019, demonstrating a commitment to this location, ensuring stable income for investor
  • EXCELLENT VISIBILITY – This Walgreens boasts excellent visibility and prime location as the most centrally located drugstore in Joplin
  • INVESTMENT GRADE CREDIT TENANT – Rent is guaranteed by Walgreens Corporate

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