2113 Geneva AveJoplin, MO 64801

For Sale
$3,600,000

High-Cap Retail/Office Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Class A investment property, located at 2113 Geneva Ave in Joplin, Missouri (zip code 64801), presents a compelling opportunity for discerning investors. The 21,050 square foot building is currently leased to Planet Fitness, the largest franchise group in the country, providing a strong financial guarantee. The lease is a Net-Net (NN) agreement with over five years remaining, offering significant long-term stability. The asking price is $3,600,000, representing a highly attractive 7.25% capitalization rate and a price per unit of $500. The property's strategic location in Joplin's busiest retail corridor, adjacent to a Home Depot, ensures high visibility and consistent traffic. The building's features include ample parking and a well-maintained exterior. Landlord responsibilities include roof, exterior structure, parking lot, and HVAC repairs. This is a rare opportunity to acquire a high-performing, well-located investment property with a strong tenant and significant upside potential. The property is categorized as both retail and office space, functioning as a storefront and executive office space within the fitness center. This dual-use functionality adds to the property's overall value and appeal. The property is situated in Jasper County.

Highlights

  • NN Lease Investment Opportunity
  • Landlord responsible for roof, exterior, parking lot, and HVAC repairs exceeding $500/unit
  • 5+ years remaining on lease term
  • Strong corporate guarantee from the nation's largest franchisee
  • High-traffic location adjacent to Home Depot in Joplin's prime retail corridor
  • Abundant parking

Property Details for 2113 Geneva Ave

Property type
Other retail properties, Individual retail properties
Square Feet
21,050 SF
Class
A

Location Insight

City
Joplin
County
Jasper
State
Missouri
Latitude
37.0674095
Longitude
-94.4747456
2113 Geneva Ave, Joplin, Missouri

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2113 Geneva Ave
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