This exceptional investment opportunity presents a 4,000 square foot, single-tenant, absolute NNN leased property located at 1191 Landmark Ave, Liberty, MO 64068. The property, built in 2023, sits on a 1.52-acre lot and boasts a prime location in a high-traffic retail corridor with 86,155 cars passing daily. The tenant, Hawaiian Bros, a rapidly expanding restaurant franchise with over 56 locations across nine states, holds a 14-year remaining lease (initial term 15 years) with a 10% rent increase every five years, providing significant long-term income stability. The lease is corporate guaranteed, mitigating tenant risk. The property features a triple drive-thru configuration, designed to maximize efficiency and customer convenience. This strategically positioned property benefits from strong demographics, including a 5-mile population of 83,219 and an average household income of $138,202 within a 1-mile radius. The property is zoned C and includes three 5-year renewal options. The asking price is $5,369,000, representing a 7.25% cap rate and a net operating income (NOI) of $389,245. This is a fee simple ownership opportunity (building and land). Nearby retailers include major national brands such as Walmart, Target, and Home Depot, further solidifying the location's strength. The property's proximity to William Jewell College, Midwestern Baptist Theological Seminary, and Liberty Hospital also contributes to its consistent customer base.
Highlights
14-year remaining absolute NNN lease with 10% rent increases every 5 years.
Corporate guaranteed lease from Hawaiian Bros, a multi-state restaurant chain with over 56 locations.
High-visibility, 1.52-acre corner lot on a major retail corridor (Rte 291 & W Kansas St), with 86,155 vehicles per day traffic count.
Triple drive-thru configuration in a desirable infill location.
Strong demographics: 83,219 population within 5 miles and $138,202 average household income within 1 mile.
The property is located at 1191 Landmark Ave Liberty, MO.
What is the asking price?
The asking price for this property is $5,369,000.
What are key features of this property?
This property features: 14-year remaining absolute NNN lease with 10% rent increases every 5 years.; Corporate guaranteed lease from Hawaiian Bros, a multi-state restaurant chain with over 56 locations.; High-visibility, 1.52-acre corner lot on a major retail corridor (Rte 291 & W Kansas St), with 86,155 vehicles per day traffic count.
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Contacts
Justin Zahn
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Landmark Ave Liberty, MO 64068
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Landmark Ave Liberty, MO 64068
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1191 Landmark Ave
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