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Marcus & Millichap Facilitates $6.6M Sale Of Kum & Go Gas Station In Springfield
SOLD
$6,600,000
Missouri
See Similar DealsRetail
Sold 01/22/2025
SOLD
Marcus & Millichap Facilitates $6.6M Sale Of Kum & Go Gas Station In Springfield
2963 East Division Street/Route 66
See Similar DealsRetail
Sold 01/22/2025
Summary
MISSOURI
Asset Type:Retail
Transaction Type:Sale
The transaction involved the sale of a retail asset, specifically a Kum & Go-occupied gas station located at 2963 East Division Street in Springfield, MO. The sale price was $6,600,000, and the asset has a lease with 15 years remaining. The transaction was completed within a timeframe of under 45 days.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,600,000
- Address: 2963 East Division Street
- Market: Springfield, MO
- Asset Occupancy: Kum & Go
- Remaining Lease Term: 15 years
- Closing Timeframe: Under 45 days
Timothy Nichols, Sean Sharko, and Austin Weisenbeck of Marcus & Millichap represented both the seller and buyer in this transaction, facilitating the sale process efficiently.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$352,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,448.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,287.37
Annual Debt Service$375,448.41
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