Lee's Summit Restaurant
710 SE Melody Ln Lees Summit, MO 64063
For Sale
Contact for pricing
Freestanding restaurant in Lee's Summit with established tenant.
Property Size4,560 SF
Price / SF$438.60
Days on Market145
Property Features for 710 SE Melody Ln
General Information
- Standard status
- Active
- Size
- 4,560 SF
- Property subtype
- Retail
Listing Agency:
Crossroads Real Estate Group
Listed By:
Gordon Smith · License #MO 2021017647
Source:
Crexi
Added: Mar 3
Changed: Jul 10
Last Checked: Jul 25 at 3:13PM
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 Crossroads Real Estate Group
Investment Insights
Based on property information with market context.
The property at 710 SW Melody Lane in Lee's Summit, Missouri, presents a retail investment opportunity. It features a freestanding restaurant building occupied by Don Chuy’s Fresh Mex & Cantina, a family-owned concept with a regional presence. The asset offers stable cash flow supported by an operating restaurant tenant with community recognition and consistent customer traffic. Lee’s Summit's location within the Kansas City metropolitan area provides access to major regional employment and retail centers. Residents benefit from a strong local economy, schools, and quality of life supported by healthcare, cultural, and recreational amenities. Located in Jackson County, Lee’s Summit has emerged as one of the most desirable and fastest-growing suburban communities in the Kansas City region. The property is suitable for conventional restaurants, storefront properties, and retail spaces. The building has a size of 4,560 square feet.
Key Highlights
- Stable cash flow from operating restaurant tenant, Don Chuy’s Fresh Mex & Cantina.
- Tenant is a successful, family‑owned restaurant with an established regional presence.
- Freestanding restaurant building, a desirable retail asset.
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 | $114.9k | $25.20 |
| − Vacancy | −$6.9k | −$1.51 |
| EGI | $108.0k | $23.69 |
| − OpEx | −$27.0k | −$5.92 |
| NOI | $81.0k | $17.77 |
4,560 SF · lease $25.20/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,013 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Freestanding restaurant in Lee's Summit with established tenant.
Where is this conventional restaurant located?
The property is located at 710 SE Melody Ln Lees Summit, MO.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Stable cash flow from operating restaurant tenant, Don Chuy’s Fresh Mex & Cantina.; Tenant is a successful, family‑owned restaurant with an established regional presence.; Freestanding restaurant building, a desirable retail asset.
