Description
This exceptional commercial investment opportunity is located in the highly sought-after Liberty Commons shopping center in Liberty, Missouri. Spanning 16,000 square feet, this property is currently leased to Off Broadway Shoe Warehouse, offering an outstanding location with stable, recurring rental income. Investment Highlights: Current Lease Terms: Annual Return: 7% Lease Term (2022-2028): Monthly Rent $25,667, Yearly Rent $308,004 Extension Option 1 (2028-2033): Annual Return: 7.7% Monthly Rent: $28,240, Yearly Rent: $338,880 Extension Option 2 (2033-2038): Annual Return: 8.1% Monthly Rent: $31,067, Yearly Rent: $355,824 Tenant Responsibilities: The tenant is responsible for all property taxes, assessments, insurance, utilities, maintenance, and repair of non-structural elements of the premises, including HVAC systems. Landlord Responsibilities: The landlord is responsible for the building's structure and roof, ensuring minimal maintenance obligations. Constructed in 2017, this building is in excellent condition, offering long-term stability for any investor. The Kansas City Metro area, with a population exceeding 2 million people, is a prime location for corporate rental properties. Additionally, the five-mile radius surrounding the Liberty Commons shopping center boasts a population of over 82,000 residents, ensuring a steady flow of potential customers and tenants. Property Details: Lot Size: 16,988 square feet Legal Description: Liberty Commons 3rd Plat Lot 6C Given the building's modern construction and strategic location, this investment provides both a stable income stream and long-term growth potential. With the added benefit of tenant responsibility for various operating costs, the investor can enjoy a hassle-free ownership experience.
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School Ratings & Info
Description
This exceptional commercial investment opportunity is located in the highly sought-after Liberty Commons shopping center in Liberty, Missouri. Spanning 16,000 square feet, this property is currently leased to Off Broadway Shoe Warehouse, offering an outstanding location with stable, recurring rental income. Investment Highlights: Current Lease Terms: Annual Return: 7% Lease Term (2022-2028): Monthly Rent $25,667, Yearly Rent $308,004 Extension Option 1 (2028-2033): Annual Return: 7.7% Monthly Rent: $28,240, Yearly Rent: $338,880 Extension Option 2 (2033-2038): Annual Return: 8.1% Monthly Rent: $31,067, Yearly Rent: $355,824 Tenant Responsibilities: The tenant is responsible for all property taxes, assessments, insurance, utilities, maintenance, and repair of non-structural elements of the premises, including HVAC systems. Landlord Responsibilities: The landlord is responsible for the building's structure and roof, ensuring minimal maintenance obligations. Constructed in 2017, this building is in excellent condition, offering long-term stability for any investor. The Kansas City Metro area, with a population exceeding 2 million people, is a prime location for corporate rental properties. Additionally, the five-mile radius surrounding the Liberty Commons shopping center boasts a population of over 82,000 residents, ensuring a steady flow of potential customers and tenants. Property Details: Lot Size: 16,988 square feet Legal Description: Liberty Commons 3rd Plat Lot 6C Given the building's modern construction and strategic location, this investment provides both a stable income stream and long-term growth potential. With the added benefit of tenant responsibility for various operating costs, the investor can enjoy a hassle-free ownership experience.
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