1191 Landmark AveLiberty, MO 64068

For Sale
$5,369,000
Corporate guaranteed, high-traffic location, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
126
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.

Property Details for 1191 Landmark Ave

Property type
Retail properties, Restaurants
Square Feet
4,000 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
66,211 SF
Units
1

Location Insight

City
Liberty
County
Clay
State
Missouri
Latitude
39.244560051308
Longitude
-94.442632475158
1191 Landmark Ave, Liberty, Missouri

FAQs

What type of property is this?
Retail property - Corporate guaranteed, high-traffic location, strong ROI.
Where is the retail property located?
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.
How can I contact the broker?
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1191 Landmark Ave
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