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3242 S Stewart Ave
Springfield, MO 65804
Retail Property For Sale
Investment Highlights
- Tenant funding Signiant renovation improvements both interior & exterior showing their long-term commitment to the site.
- 5 year initial term with 2% annual escalations.
- Landlord responsible for roof and foundation.
- Operator & Guarantor owns 6 other K-Pot locations.
- Two 5 year renewal options with 5% initial increase and continued 2% annual escalations thereafter.
- Tenant responsible for all other repairs and maintenance.
Executive Summary
SVN is pleased to present this net leased restaurant investment for sale. K-Pot Korean BBQ & Hot Pot is finalizing extensive renovations after signing a 5-year lease in 2024. K Pot is a growing concept with over 160 locations, including dozens currently under development. The site is conveniently located near the largest concentration of Springfield's high traffic retail, including less than 1/2 mile from Simon's Battlefield Mall with 1.2 million square feet and over 12 million visitors per year.
This location is right along Glenstone Avenue, just south of Battlefield Road at one of Springfield's busiest intersections. Property is less than 1,500 feet from many of Springfield's densest retail including Target, Hobby Lobby, Marshalls, Ross Dress, TJ Maxx, Corwin Ford and Best Buy. Also nearby are national restaurant groups including Cheddars, Chili's, Olive Garden, Applebees and more.
Lee McLean III, SIOR, CCIM serves as a Senior Advisor for SVN Commercial in the Springfield Missouri metro area. Lee holds the SIOR & CCIM designation, a Brokers-Associate real estate license and ranks in the top 3% of SVN International.
This location is right along Glenstone Avenue, just south of Battlefield Road at one of Springfield's busiest intersections. Property is less than 1,500 feet from many of Springfield's densest retail including Target, Hobby Lobby, Marshalls, Ross Dress, TJ Maxx, Corwin Ford and Best Buy. Also nearby are national restaurant groups including Cheddars, Chili's, Olive Garden, Applebees and more.
Lee McLean III, SIOR, CCIM serves as a Senior Advisor for SVN Commercial in the Springfield Missouri metro area. Lee holds the SIOR & CCIM designation, a Brokers-Associate real estate license and ranks in the top 3% of SVN International.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,470 SF
Building Class
B
Year Built
1993
Price
$3,736,948 CAD
Price Per SF
$577.58 CAD
Cap Rate
6.73%
NOI
$251,667 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.21 AC
Zoning
GC - General Commercial
Parking
84 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 881905303189 | Improvements Assessment | $410,981 CAD |
| Land Assessment | $287,537 CAD | Total Assessment | $698,518 CAD |
Property Taxes
Parcel Number
881905303189
Land Assessment
$287,537 CAD
Improvements Assessment
$410,981 CAD
Total Assessment
$698,518 CAD
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