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420 SW Longview Blvd Lees Summit, MO 64081

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For Sale
$1,825,000

Retail property with two tenants and long-term leases.

Property size:
4,925 SF
Lot size:
0.16 Acres

Property Features for 420 SW Longview Blvd

General Information

Size
4,925 SF
Lot size
0.16 Acres

Source: NAI Heartland | Kansas City Agent Russell Pearson

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Retail Investment Opportunity

This retail property features two first-generation tenants with 10-year leases, of which approximately 9 to 10 years remain. The property generates a net operating income (NOI) of $125,052 and has a cap rate of 6.85%. The leases include annual rent increases of 2.5%. On-site management is provided.
Insight Report Location Intelligence

Current Use by Public Records

Accurso Aesthetics Medical Spa

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Auto Repair Shop Clothing Store Hotel & Motel Pharmacy Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Lees Summit
County
Cass
State
Missouri
Longitude
-94.4496189
Latitude
38.9109925

FAQs

What type of property is this?
Strip mall - Retail property with two tenants and long-term leases.
Where is this strip mall located?
The property is located at 420 SW Longview Blvd Lees Summit, MO.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: - Two 1st-Gen 10-Year Leases (9-10 Years Remaining); - Enjoy a solid investment with $125,052 NOI; - 6.85% Cap Rate
More about this property
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