First Street, Inc. is pleased to offer for sale a retail property leased to the Walgreen Co. The property is located at 330 SW Ward Road, Lee' s Summit, Jackson County, Missouri, and is an outparcel to the 155,000 square foot Cedar Creek Mall. The annual rent is $298,000 and the base term of the lease expires on 3/31/31. The lease is a true triple net lease with the tenant responsible for all taxes, insurance and maintenance. The Walgreen Co. has a long term Standard and Poors credit rating of BBB. Lee' s Summit is widely viewed as one of the most desirable suburban communities for residents of Jackson County. In 2010, CNN/Money Magazine ranked Lee' s Summit 27th on its list of the 100 Best Cities to Live in the United States. The City of Lee' s Summit reports higher median home values, median income and population growth rate levels than the Kansas City MSA as a whole. This investment offers long term income and freedom from management (15.5years), a tenant with excellent credit and an outstanding location whose intrinsic value will likely improve in the years to come.
I-470 and MO-291 visibilityPending interchange at Strother RoadExcellent medical retail site
6.408 acres at the SWC of Mulberry & 291 Hwy zoned CP-1, with 660' of frontage on 291 Hwy.
Great looking office warehouse for sale. 100% Leased.
7,880 square foot office building
Single tenant occupied building in great location. Triple net lease with corporate guarantee and regular rental increases. Contact for full investment details.
Income / Business
Exceptionally maintained buildings located in the heart of Downtown Lee' s Summit that can be used as a religious, not-for-profit, school, or meeting reception facility. Approximately 77,000 SF total building space on 4 acres, with the potential to divide east and west buildings, and 204 on-site parking spaces in addition to ample available public parking. Main sanctuary has seating capacity of 500. Site also includes a multiple-use activity center and a day care facility with controlled access and enclosed playground.
237 NW BLUE PARKWAY, LEE'S SUMMIT, MO - 14,138 SF Gross brick building, 13,823 rentable SF, 3.11 acres, future expansion- 100% leased to two tenants with long-term occupancies in the building until 2020 - Flexible building configuration, drive up front door entry, vehicle drive-thru space - Built in 1987, renovated in 1997 and again in 2015 3717 S WHITNEY AVENUE, INDEPENDENCE, MO - 15,000 SF brick building built in 1997, renovated in 2001, situated on .96 acres, zoned C-2 Commercial - Potential for high-image retail use, flexible configuration, can be divided and expanded Excellent investment opportunity only offered as a two building portfolio sale for $3.2 million
This Walgreens store was built in 2006 and is situated on an approximately 1.63 acre parcel off of Ward Road. Parking is provided per an asphalt lot, which surrounds the building with 69 parking spaces. The basement level of the building is comprised of a storage area which is served by a conveyor, an employee break room, an electrical room, a corridor / employee locker space, and restrooms. Construction consists of load bearing concrete masonry unit ( CMU ) sidewalls, interior steel framing and open web roof joists, and a facade system of a tan / brown brick veneer field, with ground faced CMU panels and a split-face CMU base.
- 50,000 SF Manufacturing/production facility - Includes 12,000 SF of office space - 2,500 Amps at 208v and 480v 3-phase power - 17' 3" to 25' 4" Clear-height - Mix of T-5 high-efficiency & metal halide lighting - Wet system sprinkler throughout - Fully air-conditioned - Loading: 2 dock-high, 1 drive-in, 2 van-high - 73 parking spaces - 5.24 acre parcel includes room to expand building - Zoned PI: Planned Industrial