1191 Landmark Ave Liberty, MO 64068-1088
- Commercial real estate
Current Use by Public Records
- Hawaiian Bros Island Grill / Hawaiian Restaurant
Property Details for 1191 Landmark Ave
- Property type
- Commercial real estate
- APN
- 14-316-00-05-005-00
- APU
- 14316000500500
Description
This exceptional investment opportunity presents a 4,000 square foot, single-tenant, absolute NNN leased property located at 1191 Landmark Ave, Liberty, MO 64068. The property, built in 2023, sits on a 1.52-acre lot and boasts a prime location in a high-traffic retail corridor with 86,155 cars passing daily. The tenant, Hawaiian Bros, a rapidly expanding restaurant franchise with over 56 locations across nine states, holds a 14-year remaining lease (initial term 15 years) with a 10% rent increase every five years, providing significant long-term income stability. The lease is corporate guaranteed, mitigating tenant risk. The property features a triple drive-thru configuration, designed to maximize efficiency and customer convenience. This strategically positioned property benefits from strong demographics, including a 5-mile population of 83,219 and an average household income of $138,202 within a 1-mile radius. The property is zoned C and includes three 5-year renewal options. The asking price is $5,369,000, representing a 7.25% cap rate and a net operating income (NOI) of $389,245. This is a fee simple ownership opportunity (building and land). Nearby retailers include major national brands such as Walmart, Target, and Home Depot, further solidifying the location's strength. The property's proximity to William Jewell College, Midwestern Baptist Theological Seminary, and Liberty Hospital also contributes to its consistent customer base.
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
- -94.4415
- Latitude
- 39.2457
- CBSA code
- 28140
- CBSA name
- KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
