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7.25% CAP CLASS A OFFICE & RETAIL INVESTMENT 1507 E Lark St 20,883 SF 100% Leased Office Building Springfield, MO 65804 $4,789,725 CAD ($229.36 CAD/SF) 7.25% Cap Rate
Investment Highlights
- PRICE PER FOOT: $166.40/SF
- YEAR BUILT: 2021 & 1998
- NOI: $251,903.72
- ZONING: Highway Commercial (HC)
- TOTAL BUILDING(S) SIZE: 20,883 SF
Executive Summary
PROPERTY DESCRIPTION
Now a 7.25% CAP. Thank you for viewing this prime opportunity to own this 100% Leased Class A Office & Retail Investment now available for sale in south Springfield located at 1507-1727 E Lark Street. This Turn-Key Investment features a total of 20,883 SF across two buildings with a total of four tenants, each on a long-term, NNN lease. For additional information, please contact the listing agent. Thank you!
LOCATION DESCRIPTION
Near the corner of S Fremont Ave and E Republic Road in South Springfield, Missouri. Neighboring retailers include Blue Iguana Car Wash, Harter House, Toth and Associates, Architect Coffee Co, Corner 21 Chinese, Propel Fitness, Sonic Drive-In, Vogue Cleaners, Cox Hospital, Twin Oaks Country Club, and more.
Now a 7.25% CAP. Thank you for viewing this prime opportunity to own this 100% Leased Class A Office & Retail Investment now available for sale in south Springfield located at 1507-1727 E Lark Street. This Turn-Key Investment features a total of 20,883 SF across two buildings with a total of four tenants, each on a long-term, NNN lease. For additional information, please contact the listing agent. Thank you!
LOCATION DESCRIPTION
Near the corner of S Fremont Ave and E Republic Road in South Springfield, Missouri. Neighboring retailers include Blue Iguana Car Wash, Harter House, Toth and Associates, Architect Coffee Co, Corner 21 Chinese, Propel Fitness, Sonic Drive-In, Vogue Cleaners, Cox Hospital, Twin Oaks Country Club, and more.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
20,883 SF
Year Built
2021
Price
$4,789,725 CAD
Price Per SF
$229.36 CAD
Cap Rate
7.25%
NOI
$347,255 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
20,883 SF
Zoning
Highway Commercial
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
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7.25% CAP CLASS A OFFICE & RETAIL INVESTMENT | 1507 E Lark St
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