3851 West University Street

3851 West University Street is a retail property for sale in Springfield, MO. Its 4,536 SF of gross leasable area and 17,430 AADT traffic count put the building’s scale and exposure at the center of the investment case.

The property sits on 0.7 acres and has 20 parking spaces and pylon signage rights. For a retail buyer, the traffic count establishes the scale of passing vehicles, while the pylon signage rights provide a way to present the property to that audience. The parking supply is another part of the customer-access picture. Built in 2026, the building offers a defined retail footprint rather than a larger, multi-building acquisition. Those physical characteristics give an investor a basis for judging how the site supports its retail use alongside the lease economics.

The asking price is $3,075,000, with $184,500 in NOI and a 6% cap rate. In-place rents are $184,500/year, and the property has 10 years of WALT. The NNN lease structure is material to the ownership profile, while the WALT gives a buyer a defined period to weigh against the current income. Together, the income figures and lease term make this a retail acquisition centered on an existing lease rather than an availability or repositioning story. The opportunity is to acquire that income stream with the property’s traffic exposure, signage rights, and parking already established.