3110 36Th StJoplin, MO 64804

For Sale
$2,724,600

High-return NNN leased restaurant

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 6,205-square-foot Outback Steakhouse in Joplin, Missouri. Located on a 1.52-acre lot at 3110 E 36th St, 64804, this property boasts an absolute NNN lease with a corporate guarantee from Bloomin' Brands, offering ±12.4 years remaining on the primary term with three, 5-year renewal options. The lease includes attractive 1.8% annual rent increases, generating a strong NOI of $173,011 and a 6.35% cap rate. The asking price is $2,724,600 ($439.10/sq ft). This prime location enjoys excellent visibility and access along East 36th Street, near its intersection with South Rangeline Road and Interstate 44. It's strategically positioned as an outparcel to a Sam's Club, surrounded by numerous hotels, restaurants, and national retailers, including a major shopping mall within a 10-minute drive. The area features a high concentration of retail, office, industrial, and multifamily units within a 3-mile radius, ensuring consistent traffic and strong tenant demand. Built in 2001, this property represents a secure, high-performing investment with significant long-term potential. The property is currently 100% occupied.

Highlights

  • Absolute NNN lease with ±12.4 years remaining, three 5-year options, and corporate guaranty from Bloomin' Brands.
  • Annual rent escalations of 1.80%.
  • Excellent access and visibility on East 36th Street, near its intersection with South Rangeline Road (13,296 VPD) and I-44 (21,055 VPD).
  • Outparcel to a 133,800-sf Sam's Club, adjacent to multiple hotels and restaurants including Drury Inn & Suites, Hampton Inn, Olive Garden, and Chick-fil-A.
  • Strong retail corridor with 5.6 MSF of retail, 1.4 MSF of office, and 1.6 MSF of industrial space within a 3-mile radius, anchored by national retailers like Walmart and Home Depot.
  • 10-minute drive to NorthPark Mall (896,044 sf), attracting over 567,000 visitors annually.

Property Details for 3110 36Th St

Property type
Other retail properties, Restaurants
Square Feet
6,205 SF
Year Built
2001
Lot Size (sq. ft)
66,211 SF

Location Insight

City
Joplin
County
Newton
State
Missouri
Latitude
37.0502064
Longitude
-94.4766186
3110 36Th St, Joplin, Missouri

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3110 36Th St
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