For SaleSale
Glenstone Retail Strip Center
2845 S Glenstone Ave, Springfield, MO 65804
$1,850,000
Type
Retail
Sq Ft
12,000
Lot Size
1.8 acres
Zoning
C-2 General Commercial
Cap Rate
7.8%
NOI
$144,300
Price/SqFt
$154
Traffic Count
42,000 ADT
Description
Prime retail strip center on the high-traffic Glenstone corridor, Springfield's busiest commercial artery. Currently 95% occupied with a diverse tenant mix including a national pizza franchise, dental office, and local boutique retailers. All units recently renovated with new facades, LED lighting, and updated common areas. NNN leases with staggered expirations provide stable, predictable income.
Investment Highlights
95% Occupied
42,000 ADT Traffic
NNN Leases
Recent Renovations
National Tenant
Ample Parking
Signage on Glenstone
Location
Investment Analysis
Cap Rate & ROI Calculator
$1,000,000
$80,000
25%
6.0%
8.0%
Cap Rate
8.8%
Cash-on-Cash
$22,013
Annual Cash Flow
12.5x
GRM
