655 Rte Liberty, MO 64068
- Retail properties
- 6,119 SF
- 2.63 lot acres
Current Use by Public Records
- Retail properties
Property Details for 655 Rte
- Year built
- 2018
- Lot size
- 2.63 lot acres
- Property size
- 6,119 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a fee-simple, 6,119 square foot QuikTrip convenience store and gas station in Liberty, Missouri. Located at 655 Rte 291, this Class A property boasts a 100% occupancy rate under an absolute NNN lease with QuikTrip Corporation, providing significant security and minimal landlord responsibilities. The lease, commencing March 31, 2018, has a remaining term of 8.4 years, with ten five-year options featuring rent bumps. The property, built in 2018, sits on a 2.63-acre lot with 60 parking spaces and 10 gas pumps. The current NOI is $510,444, with a pro-forma NOI of $531,720, yielding a 5.00% cap rate and a pro-forma cap rate of 5.21%. The asking price is $10,208,880, translating to $1,668.39 per square foot. This prime location is ranked among the top 7% of all QuikTrip locations based on visits, recording 1.4 million visits in the past year. The property is eligible for accelerated bonus depreciation, further enhancing its investment appeal. This is a rare opportunity to acquire a high-performing, corporate-guaranteed asset with significant long-term growth potential. The property's strong performance, coupled with the favorable lease terms and prime location, makes it an ideal addition to any diversified investment portfolio. All information is deemed reliable but not guaranteed.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Liberty
- County
- Clay
- State
- Missouri
- Longitude
- -94.4374
- Latitude
- 39.2397
