317 South Ave 33,144 SF 100% Leased Retail Building Springfield, MO 65806 $4,844,455 CAD ($146.16 CAD/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Long term NNN tenant in building
- High end renovations throughout property
- Excellent downtown location
EXECUTIVE SUMMARY
This is a NNN Investment property that is 100% leased with tenants with long term leases. The business on the retail floor has 4.5 years remaining on the lease. The condominiums on levels 2 and 3 are leased and lessees pay utilities but those are not considered NNN.
FINANCIAL SUMMARY (ACTUAL - 2021) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
33,144 SF
Building Class
C
Year Built/Renovated
1889/2008
Price
$4,844,455 CAD
Price Per SF
$146.16 CAD
Cap Rate
9%
NOI
$436,001 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.31
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
Commercial - General Commercial
Parking
9 Spaces (0.27 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Air Conditioning
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-24-219-022 | Improvements Assessment | $67,687 CAD (2024) |
| Land Assessment | $3,300 CAD (2024) | Total Assessment | $70,986 CAD (2024) |
