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Reeds Plumbing | Springfield, MO 611-624 W Commercial St 50,506 SF Industrial Building Springfield, MO 65803 $4,520,000 ($89.49/SF) 7.35% Cap Rate

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INVESTMENT HIGHLIGHTS

Single-Tenant Industrial Sale Leaseback Opportunity; Reed’s Plumbing & Excavating; Established, Local Company with 53+ Years of Operating History at t
53+ year track record; Strong EBITDAR to rent coverage
Springfield is the Third Most Populous City in Missouri and is the County Seat of Greene County

Brand-new 10-year absolute NNN lease; zero landlord responsibilities 1.5% annual increases during the base term and each of the three 5-year options
Strong Demographics Within a 5-Mile Trade Area; Direct Consumer Base: More than 142,000 residents and 116,000 employees support the trade area
Home to over 170,000 residents, the greater Springfield metropolitan area has a population of approximately 500,000 people

EXECUTIVE SUMMARY

• New 10-Year Absolute NNN Lease
• 53+ Year Operating History
• #1 Fastest Growing Metro Area in Missouri

Marketing Brochure/Flyer

PROPERTY FACTS

Price	$4,520,000	Lot Size	2.68 AC
Price Per SF	$89.49	Rentable Building Area	50,506 SF
Sale Type	Investment	No. Stories	1
Cap Rate	7.35%	Year Built	1948
Property Type	Industrial	Tenancy	Single
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	I

Price	$4,520,000
Price Per SF	$89.49
Sale Type	Investment
Cap Rate	7.35%
Property Type	Industrial
Building Class	C
Lot Size	2.68 AC
Rentable Building Area	50,506 SF
No. Stories	1
Year Built	1948
Tenancy	Single
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	I

PROPERTY TAXES

Parcel Number	13-11-411-021	Improvements Assessment	$78,590
Land Assessment	$58,590	Total Assessment	$137,180

PROPERTY TAXES

Parcel Number

13-11-411-021

Land Assessment

$58,590

Improvements Assessment

$78,590

Total Assessment

$137,180

(844) 585-7682

CONTACTS

Jeff Lefko
Bill Asher
Hanley Investment Group

Listing ID: 36568214
Date on Market: 7/1/2025
Last Updated:
Address: 611-624 W Commercial St, Springfield, MO 65803

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611-624 W Commercial St, Springfield, MO for sale Building Photo- Image 1 of 7 — ReedsPlumbing_cover

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