Outback Steakhouse: Joplin, MO | 3110 E 36th St
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Outback Steakhouse: Joplin, MO 3110 E 36th St
6,205 SF Retail Building Joplin, MO 64804 $3,862,039 CAD ($622 CAD/SF) 6.35% Cap Rate
Investment Highlights
- Absolute NNN lease features ±12.4 years of primary term remaining with three, 5-year renewal options and a corporate guaranty from Bloomin’ Brands.
- Located along East 36th Street, where it is just feet from its signalized intersection with South Rangeline Road (13,296 VPD).
- Located as an outparcel to a 133,800-square-foot Sam’s Club and is immediately adjacent to Drury Inn & Suites (107 Rooms) and Hampton Inn (89 Rooms).
- The offering boasts rare annual rent increases of 1.80%.
- The site is half a mile south of the on-ramp to Interstate 44 (21,055 VPD).
- 5.6 MSF of retail, 1.4 MSF of office, 1.6 MSF of industrial and 2,629 multifamily units within a 3-mile radius.
Executive Summary
CBRE is pleased to exclusively offer for sale the 6,205-square-foot Outback Steakhouse situated on 1.52 acres in Joplin, MO (MSA Population: 202,946). Outback’s absolute NNN lease features ±12.4 years of primary term remaining with three, 5-year renewal options and a corporate guaranty from Bloomin’ Brands.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,205 SF
Building Class
C
Year Built
2001
Price
$3,862,039 CAD
Price Per SF
$622 CAD
Cap Rate
6.35%
NOI
$245,238 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.52 AC
Parking
132 Spaces (21.27 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 04-4.0-19-000-000-017.003 | Improvements Assessment | $247,871 CAD |
| Land Assessment | $69,844 CAD | Total Assessment | $317,715 CAD |
PROPERTY TAXES
Parcel Number
04-4.0-19-000-000-017.003
Land Assessment
$69,844 CAD
Improvements Assessment
$247,871 CAD
Total Assessment
$317,715 CAD
Contacts
-
Christopher Bosworth -
Brian Pfohl -
Thomas Carr -
Kaitlyn Wolf -
Leah Lindell -
CBRE, Inc.
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Outback Steakhouse: Joplin, MO | 3110 E 36th St
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