253 Stewart Rd Liberty, MO 64068

Property Details for 253 Stewart Rd

Lot size

0.39 lot acres

Property type

Commercial real estate

APN

14-319-00-01-003-15

APU

14319000100315

Description

This exceptional single-story retail building, constructed in 2016, presents a compelling investment opportunity situated within the thriving Liberty Commons shopping center in Liberty, Missouri. Boasting 16,000 square feet on a 16,988 square foot lot (Legal: Liberty Commons 3rd Plat Lt 6C), the property is currently leased to Off Broadway Shoe Warehouse, generating substantial monthly rental income. The current lease agreement, extending through 2028, provides a 6% annual return, yielding $308,004 annually ($25,667 monthly). Two extension options are available, increasing the annual return to 6.6% ($338,880 annually, $28,240 monthly) from 2028-2033 and 6.93% ($355,824 annually, $31,067 monthly) from 2033-2038. The tenant is responsible for property taxes ($101,413 annually), assessments, insurance, utilities, maintenance, and repairs of non-structural components and HVAC. The landlord's responsibilities encompass the building structure and roof. Benefiting from its location within the Kansas City Metro area, with a population exceeding 2 million, and a five-mile radius encompassing over 82,000 residents, this property offers strong potential for long-term growth and consistent cash flow. The 2016 construction date ensures the building is in excellent condition. This is a turnkey investment ready for immediate income generation.