Ground Lease on Chestnut Expressway (West Lot)

Vacant Land for Lease
Catylist Listing ID: 30351354
Property Subtypes: Office, Retail, Other
Gross Land Area: 45,540 SF
Lease Rate: $0.90 PSF (Annual)
Base Monthly Rent: $3,415
Lease Types: Ground Lease
Last Updated: 12/11/2018

Overview / Comments

Located on Chestnut Expressway at the hard corner of Nolting Ave this ±45,540 SF lot is available as a Ground Lease or as a Ground Lease with Build to Suit.

This area has seen steady growth with the addition of the PriceCutter Plus, Kum & Go Go Fresh Market, Ace Hardware, Goodwill Store, Simmons Bank and the Simmons Bank Operation Center, as well as KFC and Arby's restaurants. Only 2.5 miles from Highway I-44 and less than 5 miles from the Springfield Airport.

Access to Chestnut Expressway is in place. Electric located on south side of 3308 W Chestnut, water and gas lines located on west side of Nolting. Sewer connection available.

West Lot = 180' x 253' (45,540 SF) offered at $0.90 PSF

Adjacent lot is also available:
East Lot = 150' x 253' (37,950 SF) offered at $0.71 PSF

Lots valued as follows:
East Lot = $341,550
West Lot = $455,400

Contact Ken Schwab at 417.890.3226 or kschwab@wilhoitproperties.com for more details.

Additional Details

Nearest MSA: Springfield
County: Greene
Zoning: HIGHWAY COMMERCIAL (HC)
Property Located Between: N. Nolting Ave and N. Hilton Ave
Property Visibility: Excellent
Largest Nearby Street: West Bypass
Feet of Frontage: 180
Traffic/Vehicle Count: 28,897
Highway Access: 2.5 miles from Hwy I-44
Lot Frontage: 180
Lot Depth: 253
Zoning Description: Highway Commercial

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,606 59,675 142,449
Median Age: 35.81 33.98 34.38
Households: 3,412 25,176 60,093
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.