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Department Store

Cavender's

502 S Range Rd, Joplin, MO 64801

Listing Price: $2,565,000

Cap Rate
6.25%
Tenant Name
Cavender's
Years Remaining On Lease
10.4
Gross SF
11,876
Guarantor
No Guarantee
Rentable SF
11,876
Price/Gross SF
$215.98
Lease Type
Double Net
Rent Per Square Feet
$13.50

Investment Overview

Cavender’s Boot City Double-Net Lease with 10.5 Years Remaining in Joplin, MO. Double-Net Lease – Only Landlord Cost Responsibility is Roof & Structure. Tenant Just Executed 10-Year Renewal thru 2032 at an 8% Rent Increase Demonstrating Strong Commitment to Site.

Investment Highlights

  • Cavender's Boot City Double-Net Lease with 10.5 Years Remaining in Joplin, MO
  • Tenant Just Executed 10-Year Renewal thru 2032 at an 8% Rent Increase Demonstrating Strong Commitment to Site
  • Renewal Did Not Require an Inducement or Tenant Improvement Allowance from Landlord
  • In-Place Since 2012 with History of Renewals and Rent Increases
  • 21,000 VPD on S. Range Line Rd and Just North of U.S. Route 66 Intersection with a Combined 50,500 VPD
  • Outparcel to North Point Shopping Center with Complementary Traffic-Driving Tenants Including Ross, Ashley HomeStore, Big Lots, Natural Grocers, PetSmart, Home Outlet, Party City, Dollar Tree & Sally Beauty
  • Offered at a Low Acquisition Basis of $216/SF, Attractive 6.25% CAP Yield for 10+ Years of Term
  • Located within Joplin's Primary Retail Corridor within Immediate Proximity to Target, Kohl's, Michaels, Bed Bath & Beyond, Dunham's Sports, JOANN, Best Buy, Chipotle, Starbucks & More

Exclusively Listed By

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Department Store

Cavender's

Listing Price: $2,565,000

Cap Rate
6.25%
Tenant Name
Cavender's
Years Remaining On Lease
10.4
Gross SF
11,876
Guarantor
No Guarantee
Rentable SF
11,876
Price/Gross SF
$215.98
Lease Type
Double Net
Rent Per Square Feet
$13.50

Investment Highlights

  • Cavender's Boot City Double-Net Lease with 10.5 Years Remaining in Joplin, MO
  • Tenant Just Executed 10-Year Renewal thru 2032 at an 8% Rent Increase Demonstrating Strong Commitment to Site
  • Renewal Did Not Require an Inducement or Tenant Improvement Allowance from Landlord
  • In-Place Since 2012 with History of Renewals and Rent Increases
  • 21,000 VPD on S. Range Line Rd and Just North of U.S. Route 66 Intersection with a Combined 50,500 VPD
  • Outparcel to North Point Shopping Center with Complementary Traffic-Driving Tenants Including Ross, Ashley HomeStore, Big Lots, Natural Grocers, PetSmart, Home Outlet, Party City, Dollar Tree & Sally Beauty
  • Offered at a Low Acquisition Basis of $216/SF, Attractive 6.25% CAP Yield for 10+ Years of Term
  • Located within Joplin's Primary Retail Corridor within Immediate Proximity to Target, Kohl's, Michaels, Bed Bath & Beyond, Dunham's Sports, JOANN, Best Buy, Chipotle, Starbucks & More

Investment Overview

Cavender’s Boot City Double-Net Lease with 10.5 Years Remaining in Joplin, MO. Double-Net Lease – Only Landlord Cost Responsibility is Roof & Structure. Tenant Just Executed 10-Year Renewal thru 2032 at an 8% Rent Increase Demonstrating Strong Commitment to Site.

Exclusively Listed By

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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