loader
Join Free
Views: 444 DOM: 193 Updated: 07.24.24 Posted: 02.27.24 Status: Active

Summary

Price $2,682,281
Built/Renov 1989/2022
Tenant Beef-A-Roo
Cap Rate 8.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,357
Lease Start 06-22-2022
#Units 24
Price/SF $615.63
Expiration 05-31-2042
Tenant Type Fast Casual/Rest.
NOI $214,583
R. Term 17.9
Ownership Fee Simple
Rent/SF $49.25
Increases 2.0%/1/yrs
Pop 5Mi 121,932
Lot/AC 1.19
Options 4/5yrs/2%
AHHI 5Mi $45,965

Lease Highlights

  • Beef-A-Roo has 18+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 2% annual rental escalations throughout the initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Beef-A-Roo is strategically located on W. Kearney Street, with access to 23,589 vehicles passing by daily. The property is surrounded by well-known national tenants, including Arby's, Taco Bell, Walgreens, and more. The 5-mile trade area is supported by a population of 121,932 residents with an average household income of $45,965. Springfield is the third most populous city in the state of...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Beef-A-Roo
  • Guarantor:Corporate
  • Company:Next Brands & Development
  • # Units:24
  • Stock:Private

About Tenant

Beef-A-Roo is a beloved restaurant chain that has been serving up delicious roast beef sandwiches, which have become a local favorite. Over the decades, the company has expanded its menu to...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 8,154 61,404 122,471
2023 Total Population : 8,064 60,587 120,485
2023 Employed Civilian Pop : 3,307 25,126 55,921
2023 Total Businesses : 361 2,723 5,897
2023 Average Household Income : $ 51,495 $ 52,528 $ 57,334
2023 Total Consumer Spending : $ 156 M $ 1190 M $ 2613 M
2023 Median Age : 37 34 34
2023 Total Households : 3,431 25,708 51,850
2023 Pop Age 25+: Bachelor's Degree : 697 5,208 13,650
2023 Average Home Value : $ 121,162 $ 150,208 $ 178,701
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Kearney St Hwy 744 2004 25,332 0.07 mi
N Bolivar Rd W Kearney St 2004 1,792 0.10 mi
N Bolivar Rd W Turner St 2004 1,008 0.11 mi
W Kearney St N Kansas Expy 2010 23,613 0.12 mi
W Kearney St N Fort Ave 2004 23,765 0.13 mi
W Kearney St N Kansas Expy 2019 12,274 0.15 mi
North Kansas Expressway W Scott St 2022 12,245 0.15 mi
N Kansas Expy W Kearney St 2019 12,143 0.16 mi
N Kansas Expy W Kearney St 2005 21,531 0.16 mi
N Kansas Expy N Bolivar Rd 2014 27,445 0.18 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity