317 12Th StJoplin, MO 64801

For Sale
$1,300,000

12,720 SF, 10-Year NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 12,720-square-foot industrial property in Joplin, Missouri, ideally situated on 1.03 acres. The property comprises three buildings on four parcels, strategically located near the Oklahoma and Kansas borders. Currently 100% occupied by Controls & Electric Motor Co. (CEMCO, Inc.), this sale-leaseback offers a secure, long-term investment with a new 10-year absolute net lease (NNN) in place, commencing October 1, 2024, and featuring annual rent increases. The lease structure ensures minimal landlord responsibilities, with the tenant responsible for all property expenses, including roof and structure maintenance. The property boasts six dock-high doors and is zoned M2. Built between 1995 and 2013, the buildings offer a blend of established infrastructure and more recent additions. A clean Phase 1 environmental report is available. This out-of-state investment opportunity provides a strong 7.85% cap rate and presents a compelling return on investment. The property's address is 317 E 12th St, Joplin, MO 64801. This is a single-tenant property with no landlord responsibilities.

Highlights

  • $1,300,000 asking price for this Joplin, MO industrial property.
  • 100% occupancy by Controls & Electric Motor Co. (CEMCO, Inc.) under a new 10-year absolute triple-net (NNN) lease with annual rent increases, starting October 1, 2024.
  • Three-building, four-parcel property encompassing 12,720 square feet and 1.03 acres.
  • Excellent location in southwest Missouri, near Oklahoma and Kansas.
  • Tenant responsible for all property expenses, including roof and structure maintenance.

Property Details for 317 12Th St

Property type
Other warehouses, Other industrial properties
Square Feet
12,720 SF
Buildings
3
Lot Size (sq. ft)
44,867 SF

Location Insight

City
Joplin
County
Jasper
State
Missouri
Latitude
37.078267688095
Longitude
-94.510501030007
317 12Th St, Joplin, Missouri

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317 12Th St
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