For Sale
$5,133,400

253 Stewart RdLiberty, MO 64068

High-yield retail property in Liberty, MO.

Overview

Added:
Feb 13
Days on market:
55
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.

Highlights

  • $5,133,400 asking price for a retail property.
  • Located in Liberty Commons shopping center, Liberty, MO (64068).
  • 16,000 square foot building, built in 2016, on a 16,988 square foot lot.
  • Currently leased to Off Broadway Shoe Warehouse, generating $308,004 in annual rent (2022-2028).
  • Lease includes options for extensions with increasing annual returns (6.6% and 6.93%).
  • Tenant responsible for most operating expenses; Landlord responsible for structure and roof.

Property Details for 253 Stewart Rd

Property type
Retail properties
Year Built
2016
Stories
1

Location Insight

City
Liberty
County
Clay
State
Missouri
Latitude
39.2420126
Longitude
-94.4538009
253 Stewart Rd, Liberty, Missouri

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
253 Stewart Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message