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Listed by Jeffrey Quinn • Missouri Land and Farm LLC
$4,400,000
Est. payment /mo
0.39 Acres Lot
Active
253 S Stewart RD Liberty, MO 64068
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2530778
Originating Board hmls
Year Built 2016
Lot Size 0.390 Acres
Acres 0.3899908
Property Sub-Type Retail
Property Description
This exceptional commercial investment opportunity is located in the highly sought-after Liberty Commons shopping center in Liberty, Missouri. Spanning 16,000 square feet, this property is currently leased to Off Broadway Shoe Warehouse, offering an outstanding location with stable, recurring rental income.
Investment Highlights:
Current Lease Terms:
Annual Return: 7%
Lease Term (2022-2028): Monthly Rent $25,667, Yearly Rent $308,004
Extension Option 1 (2028-2033):
Annual Return: 7.7%
Monthly Rent: $28,240, Yearly Rent: $338,880
Extension Option 2 (2033-2038):
Annual Return: 8.1%
Monthly Rent: $31,067, Yearly Rent: $355,824
Tenant Responsibilities: The tenant is responsible for all property taxes, assessments, insurance, utilities, maintenance, and repair of non-structural elements of the premises, including HVAC systems.
Landlord Responsibilities: The landlord is responsible for the building's structure and roof, ensuring minimal maintenance obligations.
Constructed in 2017, this building is in excellent condition, offering long-term stability for any investor. The Kansas City Metro area, with a population exceeding 2 million people, is a prime location for corporate rental properties. Additionally, the five-mile radius surrounding the Liberty Commons shopping center boasts a population of over 82,000 residents, ensuring a steady flow of potential customers and tenants.
Property Details:
Lot Size: 16,988 square feet
Legal Description: Liberty Commons 3rd Plat Lot 6C
Given the building's modern construction and strategic location, this investment provides both a stable income stream and long-term growth potential. With the added benefit of tenant responsibility for various operating costs, the investor can enjoy a hassle-free ownership experience.
Investment Highlights:
Current Lease Terms:
Annual Return: 7%
Lease Term (2022-2028): Monthly Rent $25,667, Yearly Rent $308,004
Extension Option 1 (2028-2033):
Annual Return: 7.7%
Monthly Rent: $28,240, Yearly Rent: $338,880
Extension Option 2 (2033-2038):
Annual Return: 8.1%
Monthly Rent: $31,067, Yearly Rent: $355,824
Tenant Responsibilities: The tenant is responsible for all property taxes, assessments, insurance, utilities, maintenance, and repair of non-structural elements of the premises, including HVAC systems.
Landlord Responsibilities: The landlord is responsible for the building's structure and roof, ensuring minimal maintenance obligations.
Constructed in 2017, this building is in excellent condition, offering long-term stability for any investor. The Kansas City Metro area, with a population exceeding 2 million people, is a prime location for corporate rental properties. Additionally, the five-mile radius surrounding the Liberty Commons shopping center boasts a population of over 82,000 residents, ensuring a steady flow of potential customers and tenants.
Property Details:
Lot Size: 16,988 square feet
Legal Description: Liberty Commons 3rd Plat Lot 6C
Given the building's modern construction and strategic location, this investment provides both a stable income stream and long-term growth potential. With the added benefit of tenant responsibility for various operating costs, the investor can enjoy a hassle-free ownership experience.
Location
State MO
County Clay
Zoning Retail
Interior
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Telephone On-Site, Water/Sewer
Building
Story 1
Others
Acceptable Financing Cash
Listing Terms Cash
