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17842885

631 NW Murray Rd, Lee's Summit, MO 64081

DM
MO MO 1999056063, OK OK 212256 (+1)
DDM Real Estate LLC
Listed by DDM Real Estate LLC
$2,955,062
12 days on market
Updated 12 days ago

AT&T Lee's Summit

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 4,500
Net Rentable (SqFt) 4,500
Units 2
Cap Rate 6.5%
NOI $192,079
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $657
Broker Co-Op Yes
Year Built 2002
Year Renovated 2022
Buildings 1
Stories 1
Acreage 0.540
Zoning CP-2
Parking Spaces 23 spaces
Parking Per SqFt 5.11
Investment Type Net Lease
Tenant Credit Credit Rated, No Credit Rating
Ground Lease No
Ownership Private Capital

Retail | 6.5% CAP | AT&T (corporate) & Rodgers Jewelers | 4,500 SF

Marketing description

Investors will discover this investment possesses the best type of security… location. It’s a pad across the street from Summit Wood’s Crossing (+820k sf). Kansas City metropolitan area’s most visited Super-Regional Center with 11.92 visits/sf annually. Lee’s Summit is one of the metro areas fastest growing suburbs with over 100,000 residents and a variety of major employers contributing to the local economy (school district – 2,886, Homeland Security – 2,200, US Citizenship and Immigration Services/National Benefits Center – 1,500, GEHA – 1,313, University Health Lakewood Medical Center – 1,206, John Knox Village retirement community – 1,000). The front elevation of the property faces over 78,000 vpd on 50 Highway.

Investment highlights

Both tenants have operated at this location since it was place in service in Q4-2002.

Corporate AT&T lease guarantee.

Annual Rent Bumps.

Listing Contacts

DM
MO MO 1999056063, OK OK 212256 (+1)
DDM Real Estate LLC
Listed by DDM Real Estate LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$192,079.00
$16,006.58/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Doug McFadden
License
MO 1999056063
Brokerage
DDM Real Estate, LLC
Brokerage Phone
8168681236
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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