631 Murray RdLee's Summit, MO 64081

For Sale
$3,345,000
High-yield NNN retail center, strong tenants.

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a 4,500 square foot retail shopping center in Lee's Summit, Missouri. Located at 631 NW Murray Rd, 64081, this single-story, 2002-built property boasts a prime location across from Summit Woods Crossing, a major super-regional shopping center. The property features two tenants, both operating since 2002, with a corporate AT&T lease guarantee providing exceptional security. The 100% occupied center offers a strong net operating income (NOI) of $195,521, resulting in a compelling 5.85% cap rate. The asking price is $3,345,000, translating to $743.33 per square foot. The property sits on a 0.54-acre lot with 23 parking spaces and benefits from annual rent bumps. The zoning is CP-2. The remaining lease term is six years. Lee's Summit's robust economy, fueled by major employers including a significant school district, Homeland Security, and several other large companies, ensures a stable and growing market. The high visibility location on a road with over 78,000 vehicles per day provides excellent exposure. This is a rare opportunity to acquire a well-positioned, high-performing retail investment in a thriving Missouri market.

Highlights

  • Both tenants have occupied the property since its 2002 opening.
  • AT&T corporate lease guarantee provides strong creditworthiness.
  • Annual rent increases provide consistent income growth.

Property Details for 631 Murray Rd

Property type
Lifestyle centers, Power centers
Square Feet
4,500 SF
Year Built
2002
Buildings
1
Stories
1
Lot Size (sq. ft)
23,522 SF
Units
2

Location Insight

City
Lee's Summit
County
Jackson
State
Missouri
Latitude
38.925330518071
Longitude
-94.405310105884
631 Murray Rd, Lee's Summit, Missouri

FAQs

What type of property is this?
Lifestyle center - High-yield NNN retail center, strong tenants.
Where is the lifestyle center located?
The property is located at 631 Murray Rd Lee's Summit, MO.
What is the asking price?
The asking price for this property is $3,345,000.
What are key features of this property?
This property features: Both tenants have occupied the property since its 2002 opening.; AT&T corporate lease guarantee provides strong creditworthiness.; Annual rent increases provide consistent income growth.
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.
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631 Murray Rd
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