Retail Investment
420 SW Longview Blvd, Lees Summit, MO
For Sale
Contact for pricing
Retail property with two tenants and long-term leases.
Property Size4,925 SF
Lot Size0.16 Acres
Price / SF$370.56
Days on Market602
Property Features for 420 SW Longview Blvd
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Listing Agency:
NAI Heartland | Kansas City
(913) 362-1000
Listed By:
Russell Pearson · License MO #00230067
(913) 890-2015
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Nov 7
Last Checked: Nov 8 at 9:02AM
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 NAI Heartland | Kansas City
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Two 1st‑Gen 10‑Year Leases (9‑10 Years Remaining)
- Enjoy a solid investment with $125,052 NOI
- 6.85% Cap Rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,029
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,400,580
$1.4M
Cap Rate 7%
$1,000,414
$1.0M
Cap Rate 9%
$778,100
$778.1K
Market Conditions
NOI Build-Up for 4,925 SF
Gross rent
$109.3K $22.20/SF
− Vacancy
−$9.3K −$1.89/SF
EGI
$100.0K $20.31/SF
− OpEx
−$30.0K −$6.09/SF
NOI
$70.0K $14.22/SF
Area
Lees Summit, MO
Vacancy
8.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,400,580
Cap Rate 7%
$1,000,414
Cap Rate 9%
$778,100
Alternative Uses
Best Use
Retail
$1.00M
$875.4K – $1.17M
NOI $70,029 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.25M
$1.09M – $1.46M
NOI $87,498 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
56k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 47%
Phillips 66
Shops & Services
25,742 visits/mo
0.1 miles
McDonald's
Dining
22,573 visits/mo
0.1 miles
Taco Bell
Dining
5,450 visits/mo
0.1 miles
SUBWAY
Dining
1,955 visits/mo
0.1 miles
Good Vets
Shops & Services
653 visits/mo
0.1 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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
