1130 Douglas St Lees Summit, MO 64086-4602

Property Details for 1130 Douglas St

Year built

2007

Construction

WOOD

Lot size

1.30 lot acres

Property size

6,921 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

52-910-14-08

APU

529101408

Description

This exceptional 6,769 square foot shopping center in Lee's Summit, Missouri presents a compelling investment opportunity. Boasting a 6.75% cap rate and a strong net operating income (NOI) of $208,825, this property offers significant financial returns. Currently 100% occupied by three tenants, including a drive-thru Starbucks as an end cap, the property benefits from triple-net (NNN) leases, minimizing landlord responsibilities. Built in 2007, the center demonstrates long-term tenant commitment, with recent lease renewals securing a 10 and 5-year term. Located in a high-income area of Lee's Summit (average household income exceeding $111,000 within a 5-mile radius), the property enjoys excellent visibility and accessibility. Its strategic location near Lee's Summit North High School (nearly 2,000 students) and Saint Luke's East Hospital (a 238-bed facility) ensures consistent traffic and strong consumer demand. The property is also surrounded by a robust mix of national retailers, including Walmart, Sprouts, PetSmart, Hy-Vee, and many more, further enhancing its desirability and potential for future growth. The asking price is $3,095,000. This is a rare opportunity to acquire a high-performing retail investment in a prime Kansas City suburb.

Location Insight

City

Lees Summit

County

Jackson

State

Missouri

Longitude

-94.3793

Latitude

38.9331

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments