1638 Us Hwy 24 Independence, MO 64050

This exceptional investment opportunity presents a fee-simple ownership of a 3,750 square foot Class A dental office building in Independence, Missouri. Located on a 0.39-acre corner lot at 1638 W US Hwy 24, this property boasts excellent visibility and high traffic counts, situated near national retailers such as McDonald's, Sonic, and more. The building, constructed in 1988 and extensively renovated in 2017 (including a new roof), is currently 100% occupied by True Dental Group under a new 10-year NNN lease with 3% annual rent increases and options to extend. The lease provides minimal landlord responsibilities, making this an ideal passive investment. The tenant, a multi-doctor practice operating successfully for over 15 years, offers a wide range of dental services. The $1,293,103 asking price translates to a price per square foot of $344.83 and a compelling 7.25% cap rate, based on a net operating income (NOI) of $93,750. The strong tenant, long-term lease, and prime location combine to create a resilient and attractive investment opportunity, particularly suitable for 1031 exchange purposes. The property benefits from being in a high-growth area within the Kansas City MSA, a top 30 market with over 2.34 million residents. The dental services market is experiencing significant growth, further enhancing the long-term value of this asset. This is a rare opportunity to acquire a stable, high-performing dental office investment with significant upside potential.