Ground Lease in Chestnut Crossing (Lot 1B North)

Vacant Land for Lease
Catylist Listing ID: 30351943
Property Subtypes: Retail-Pad
Gross Land Area: 46,905 SF
Lease Rate: $10 PSF (Annual)
Base Monthly Rent: $39,087
Lease Types: Ground Lease
Adjacent Parcels Available: Yes
Last Updated: 12/20/2018

Overview / Comments

240 S. Western Ave (Lot 1B North) is a ±1.075 acre Retail Pad site available near the Price Cutter Plus, at the southeast corner of West Bypass and Chestnut Expressway. Located in Chestnut Crossing adjacent to ACE Hardware. Surrounding businesses include, Kum & Go Go Fresh Market, KFC & Arby's restaurants, Goodwill Store as well as Simmons Bank and Simmons Bank Operation Center.

All retail sales in Chestnut Crossing are subject to a Community Improvement District (CID) assessment = 0.005 (1/2 of 1%) retails sales tax only.

Acreage can be divided or combined together.

Owner will consider selling lots valued as:
Lot 1B North = ±1.075 acres = $469,059
Lot 1B South = ±1.075 acres = $398,700

**LOT REQUIRES SUBDIVISION OF LARGER PARCEL PRIOR TO CONVEYANCE**

Contact Ken Schwab at 417.890.3226 or kschwab@wilhoitproperties.com

Additional Details

Nearest MSA: Springfield
County: Greene
Tax ID/APN: 881321202103
Zoning: PD 211
Property Located Between: West Bypass and Chestnut Expressway
Property Visibility: Excellent
Largest Nearby Street: Chestnut Expressway
Traffic/Vehicle Count: 28,897
Highway Access: 2.5 miles from Highway I-44
Zoning Description: PD 211- Subject to restrictive covenants Office/Retail Commercial Use
Development Name: Chestnut Crossing

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,948 60,577 143,720
Median Age: 35.74 34.66 34.38
Households: 2,752 25,372 60,759
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.