Off-Broadway Shoes, Liberty, MO 6+% Return

252 south Stewert Road, Liberty, MO 64068

Price: $4,650,000

6% Return

MLF #05-SHOE-02

Located in the heart of Liberty Missouri, in the Liberty Commons shopping center this 16,000 square footage building is a wonderful investment opportunity.

Currently home to Off Broadway Shoe Warehouse, this property combines excellent placement with substantial monthly rental income. The current 10 year contract brings in an average of over $24,000 dollars, with guaranteed options pushing monthly rates to 28,000 and 31,000 in future contracts.

Current 10 Year Lease Terms:$24,500 avg
2017-2022 Monthly $23,333 Yearly $280,000
2022-2028 Monthly $25,667 Yearly $308,004

Extension Options 1/2
2028-2033 Monthly $28,240 Yearly $338,880
2033-2038 Monthly $31,067 Yearly $355,824

*Tenant is responsible for all property taxes,, assessments,insurance,utilities, maintenance and repair of the non-structural portions of premises, and HVAC

*Landlord is responsible for the structure and roof. Building new in 2017.

With a population of over 2 million, the Kansas City Metro provides excellent location for corporate rental properties such as this. The five-mile radius surrounding the location is home to over 82,000, and given the 2017 construction date, the owner can be confident in the building’s condition.

For more information on this investment opportunity, call Jeff Quinn at 660-734-3925 today!

Contact
Jeffrey Quinn, Broker
Cell: 660-734-3925
Office: 660-258-3185

WE KNOW LAND.

We farm it. We hunt it.

And we raise our families on it.

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