First Street, Inc. is pleased to offer for sale a retail property leased to the Walgreen Co., which as of December 31, 2014 became a part of the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (Nasdaq: WBA) 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. Lee' s Summit has a population of 93,184 people and is a suburb of and 14.4 miles southeast of Kansas City, MO. 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 tenant has 10 five year options to renew the lease at the same rental rate as the base. The Walgreen Co. has a long term Standard and Poors credit rating of BBB.
The Boulder Group and Lee & Associates are pleased to exclusively market for sale a single tenant net leased Olive Garden sale leaseback opportunity located in the Kansas City MSA. The property is strategically located at the signalized entrance to Summit Fair Mall. The Olive Garden lease will have an initial primary term of fifteen years remaining upon close of escrow. This absolute net lease will feature 1% annual rental escalations. Olive Garden is the leading restaurant in the Italian dining segment with more than 800 restaurants, more than 96,000 employees and more than $3.6 billion in annual sales. The tenant will be GMRI, Inc., a wholly owned subsidiary of Darden Restaurants, Inc., doing business as Olive Garden. Darden Restaurants, Inc. is publicly traded (NYSE: DRI) with a market capitalization in excess of $8.40* billion and is an investment grade rated company (Standard & Poor' s: BBB-)*.
I-470 and MO-291 visibilityPending interchange at Strother RoadExcellent medical retail site
Medical/Professional office building for sale or lease.4,500 SF Class A medical space available on the 1st floor4,500 SF professional office space available on the 2nd floor
Net of janitorial. Located of Hwy 50. near downtown Lees Summit, restaurants, shopping and other services. Under new ownership and property management. Well maintained. Potential building and monument signage available. Great owner/user opportunity.
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.
- 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
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.