Grocery Store

Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) | Long Term Abs Net Lease | Across 1M+ SF Mall

Listing Price: $6,391,304

Cap Rate
5.75%
Tenant Name
Natural Grocers
Years Remaining On Lease
12.30
Gross SF
13,395
Guarantor
Corporate Guarantee
Rentable SF
13,395
Price/Gross SF
$477.14
Lease Type
Absolute Net
Rent Per Square Feet
$27.44

Investment Overview

Joplin, officially known as the City of Joplin, is a city in Jasper and Newton counties in the southwestern corner of the U.S. state of Missouri. The bulk of the city is in Jasper County, while the southern portion is in Newton County. Joplin is the largest city in Jasper County - even though it is not the county seat, and it is the 12th most-populous city in the state. Joplin is the main hub of the three-county Joplin-Miami, Missouri-Oklahoma Metro area, which is home to 210,077 people making it the 5th largest metropolitan area in Missouri.

Investment Highlights

  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Combined Daily Traffic Counts Exceeding 50k Vehicles.
  • In Close Proximity to Missouri Southern State University - A 365 Acre Public Institution that has a Total Undergraduate Enrollment of 5,850+ Students.
  • Within North Point Shopping Center - A 199k+ Sq.Ft. Power Center Anchored by Ross Dress for Less, Ashley Furniture, Petsmart and more.
  • Long Term Absolute Net Lease Featuring Rental Increase in 2028 and at the Start of Each Option. Strong Performing Location per Placer.ai: Top 25% of Natural Grocers Tracked Nationally Based on Foot Traffic and Cell Phone Data.
  • Northpark Mall - A 1M+ Sq.Ft. Shopping Center featuring more than 100 Stores. It is the Largest Mall in the Region and serves a Trade Area of nearly 500k+ People.
  • Surrounded by Numerous National Retailers including Target, Walmart, Home Depot, Michaels, Kohl's, Best Buy, Tractor Supply, ALDI, Bed Bath & Beyond and many more.

Exclusively Listed By

Grocery Store

Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) | Long Term Abs Net Lease | Across 1M+ SF Mall

Listing Price: $6,391,304

Cap Rate
5.75%
Tenant Name
Natural Grocers
Years Remaining On Lease
12.30
Gross SF
13,395
Guarantor
Corporate Guarantee
Rentable SF
13,395
Price/Gross SF
$477.14
Lease Type
Absolute Net
Rent Per Square Feet
$27.44

Investment Highlights

  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Combined Daily Traffic Counts Exceeding 50k Vehicles.
  • In Close Proximity to Missouri Southern State University - A 365 Acre Public Institution that has a Total Undergraduate Enrollment of 5,850+ Students.
  • Within North Point Shopping Center - A 199k+ Sq.Ft. Power Center Anchored by Ross Dress for Less, Ashley Furniture, Petsmart and more.
  • Long Term Absolute Net Lease Featuring Rental Increase in 2028 and at the Start of Each Option. Strong Performing Location per Placer.ai: Top 25% of Natural Grocers Tracked Nationally Based on Foot Traffic and Cell Phone Data.
  • Northpark Mall - A 1M+ Sq.Ft. Shopping Center featuring more than 100 Stores. It is the Largest Mall in the Region and serves a Trade Area of nearly 500k+ People.
  • Surrounded by Numerous National Retailers including Target, Walmart, Home Depot, Michaels, Kohl's, Best Buy, Tractor Supply, ALDI, Bed Bath & Beyond and many more.

Investment Overview

Joplin, officially known as the City of Joplin, is a city in Jasper and Newton counties in the southwestern corner of the U.S. state of Missouri. The bulk of the city is in Jasper County, while the southern portion is in Newton County. Joplin is the largest city in Jasper County - even though it is not the county seat, and it is the 12th most-populous city in the state. Joplin is the main hub of the three-county Joplin-Miami, Missouri-Oklahoma Metro area, which is home to 210,077 people making it the 5th largest metropolitan area in Missouri.

Exclusively Listed By

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