Triple-Net Bank Lease
18781 East 39th St S Independence, MO 64057
For Sale
Contact for pricing
U.S. Bank is the credit tenant on a true NNN structure with a long-term lease and tenant-paid taxes, insurance, and maintenance.
Property Size5,400 SF
Price / SF$296.30
Days on Market156
Property Features for 18781 East 39th St S
General Information
Standard status
Active
Size
5,400 SF
Property subtype
RETAIL
Listing Agency:
Block & Company, Inc.
(816) 412-7392
Listed By:
Bill Maas, CCIM · License #MO2010028352
Source:
Moodyscre
Added: Feb 24
Changed: Jul 25
Last Checked: Jul 29 at 2:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Block & Company, Inc.
Investment Insights
Based on property information with market context.
This investment-grade net lease property features a true triple-net (NNN) structure with U.S. Bank as the tenant. Under the lease terms, the tenant is responsible for taxes, insurance, and maintenance, supporting passive ownership with landlord responsibilities limited per the NNN framework. The lease has been in place since 1973 and is described as long-term, with approximately 3 years remaining and additional 2–5 year options at 2% increases.
The property is located at 18781 East 39th St S in Independence, Missouri, and the site is described as having excellent visibility, access, and signage along a high-traffic corridor.
The offering is positioned as an acquisition of an investment-grade banking asset with built-in lease stability and tenant responsibility for recurring property expenses.
The property is located at 18781 East 39th St S in Independence, Missouri, and the site is described as having excellent visibility, access, and signage along a high-traffic corridor.
The offering is positioned as an acquisition of an investment-grade banking asset with built-in lease stability and tenant responsibility for recurring property expenses.
Key Highlights
- U.S. Bank (NYSE: USB) is the investment‑grade credit tenant.
- True triple‑net (NNN) lease: tenant pays taxes, insurance, and maintenance.
- Long‑term lease in place since 1973, with 3 years remaining and 2–5 year options.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.7k | $19.20 |
| − Vacancy | −$4.1k | −$0.77 |
| EGI | $99.5k | $18.43 |
| − OpEx | −$24.9k | −$4.61 |
| NOI | $74.6k | $13.82 |
5,400 SF · lease $19.20/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.07M
$933.1K – $1.24M
NOI $74,650 @ 7.0% cap · market cap 4.67%
Second Best
Retail
$933.1K
$816.5K – $1.09M
NOI $65,318 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,715 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
NNN property - U.S. Bank is the credit tenant on a true NNN structure with a long-term lease and tenant-paid taxes, insurance, and maintenance.
Where is this nnn property located?
The property is located at 18781 East 39th St S Independence, MO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: U.S. Bank (NYSE: USB) is the investment‑grade credit tenant.; True triple‑net (NNN) lease: tenant pays taxes, insurance, and maintenance.; Long‑term lease in place since 1973, with 3 years remaining and 2–5 year options.
