1191 Landmark AveLiberty, MO 64068

Property Details for 1191 Landmark Ave

Property type

Commercial real estate

APN

14-316-00-05-005-00

APU

14316000500500

Description

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.

Location Insight

City

Liberty

County

Clay

State

Missouri

Latitude

39.2457

Longitude

-94.4415

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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