2915 24Th StJoplin, MO 64804

This exceptional investment opportunity presents a fee-simple, single-tenant net-leased restaurant property in Joplin, Missouri. The 5,027 square foot building, situated on a 0.92-acre lot at 2915 E 24th St, enjoys a prime location near the intersection of E 24th Street and S Range Line Road, providing excellent visibility and access to Interstate 44. The property has been continuously occupied by RibCrib, store #35 of approximately 60 locations, since its construction in 2004. A recent lease extension through July 31, 2033, secures a remaining lease term of approximately 8.7 years, with fixed 2.0% annual rent increases. The absolute NNN lease structure minimizes landlord responsibilities, offering a passive income stream. The property boasts 78 parking spaces and underwent renovations in 2024. The asking price is $1,457,142, representing a 7.00% cap rate and a price per square foot of $289.86. The property features a corporate guarantee and a one (1) five-year lease option. This investment offers a strong, recession-resistant tenant with a proven track record in a high-traffic retail area, providing a secure and profitable opportunity. The property's Net Operating Income (NOI) is $102,000. The Jasper County property (APN: 19-6.0-13-10-13-16.0) offers a compelling combination of stability, growth potential, and passive income generation.