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Auto Service - Gas-Conv

Break Time- Springfield MO

1211 E Grand St, Springfield, MO 65804

Listing Price: $940,800

Cap Rate
7.50%
Tenant Name
Break Time
Years Remaining On Lease
1.3
Gross SF
3,500
Guarantor
Corporate Guarantee
Rentable SF
3,500
Price/Gross SF
$268.80
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.16

Investment Overview

Marcus & Millichap is pleased to present a Break Time, this triple net, corporate guaranteed lease is located in Springfield MO, which is three hours south of Kansas City, MO. The lease has 1.4 years remaining in the current option; commencing on October 21, 2018. Three successive options remain that are five years each with five percent increases. The subject property is a 3,500-square foot, free-standing Break Time situated on a .64-acre lot. The property is located on the northeast corner of Grand Street and National Avenue with combined traffic counts of over 34,000 vehicles per day. This station consists of four gas pumps and eight nozzles.

Investment Highlights

  • Corporate Guarantee from MFA Oil
  • Tenant Currently Operates over 70 Gas Stations
  • Five Percent Increases Every Five-Years
  • Three Five-Year Options

Exclusively Listed By

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Auto Service - Gas-Conv

Break Time- Springfield MO

Listing Price: $940,800

Cap Rate
7.50%
Tenant Name
Break Time
Years Remaining On Lease
1.3
Gross SF
3,500
Guarantor
Corporate Guarantee
Rentable SF
3,500
Price/Gross SF
$268.80
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.16

Investment Highlights

  • Corporate Guarantee from MFA Oil
  • Tenant Currently Operates over 70 Gas Stations
  • Five Percent Increases Every Five-Years
  • Three Five-Year Options

Investment Overview

Marcus & Millichap is pleased to present a Break Time, this triple net, corporate guaranteed lease is located in Springfield MO, which is three hours south of Kansas City, MO. The lease has 1.4 years remaining in the current option; commencing on October 21, 2018. Three successive options remain that are five years each with five percent increases. The subject property is a 3,500-square foot, free-standing Break Time situated on a .64-acre lot. The property is located on the northeast corner of Grand Street and National Avenue with combined traffic counts of over 34,000 vehicles per day. This station consists of four gas pumps and eight nozzles.

Exclusively Listed By

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

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