Land Sale with Long Term Bank Lease 2927 S Campbell Ave 3,996 SF Retail Building Springfield, MO 65807 $981,468 CAD ($245.61 CAD/SF) 5% Cap Rate

Address: 2927 S. Campbell (1.6 acres) and adjacent drive lane to the west (.35 acres) – see attached Assessor maps and photos
Lease: Started 1/1/73 – 25 year primary term plus a 14 year extension and 6-10 year extensions – 99 years total
The tenant, operating as Regions Bank, is in the second, 10 year extension. The current term expires 12/31/31.
Annual Rent: $36,972 ($3,081 per month)
Rent Increases – Every 10 years using CPI although it is unknown what formula previous rent increases were based on.
Real estate taxes, building insurance and maintenance (for the bank occupied lot and building) are paid by the tenant/bank.
Real estate taxes for the drive lane lot, paid by the property owner, in 2025 were $1,280.
The existing building becomes the property owner’s property when the lease with the bank expires or is terminated.
The bank can sublet or assign its interest in the lease.
Drive lane lot will be conveyed to buyer at closing.
The property owner is responsible for maintenance of the drive lane lot.