Off-Broadway Shoes, Liberty, MO (7-8.1% Return!!)
This exceptional commercial investment opportunity is located in the highly sought-after Liberty Commons shopping center in Liberty, Missouri. Spanning 16,000 square feet, this property is currently leased to Off Broadway Shoe Warehouse, offering an outstanding location with stable, recurring rental income.
Investment Highlights:
Current Lease Terms:
Annual Return: 7%
Lease Term (2022-2028): Monthly Rent $25,667, Yearly Rent $308,004
Extension Option 1 (2028-2033):
Annual Return: 7.7%
Monthly Rent: $28,240, Yearly Rent: $338,880
Extension Option 2 (2033-2038):
Annual Return: 8.1%
Monthly Rent: $31,067, Yearly Rent: $355,824
This property is a sound investment with reliable income potential, and the lease terms provide attractive returns over the coming years.
Tenant Responsibilities: The tenant is responsible for all prope...
Tenant Responsibilities: The tenant is responsible for all property taxes, assessments, insurance, utilities, maintenance, and repair of non-structural elements of the premises, including HVAC systems.
Landlord Responsibilities: The landlord is responsible for the building's structure and roof, ensuring minimal maintenance obligations.
Constructed in 2017, this building is in excellent condition, offering long-term stability for any investor. The Kansas City Metro area, with a population exceeding 2 million people, is a prime location for corporate rental properties. Additionally, the five-mile radius surrounding the Liberty Commons shopping center boasts a population of over 82,000 residents, ensuring a steady flow of potential customers and tenants.
Property Details:
Lot Size: 16,988 square feet
Legal Description: Liberty Commons 3rd Plat Lot 6C
Given the buildings modern construction and strategic location, this investment provides both a stable income stream and long-term growth potential. With the added benefit of tenant responsibility for various operating costs, the investor can enjoy a hassle-free ownership experience.
For more information about this lucrative investment opportunity, please contact Jeff Quinn at 660-734-3925 today!
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About Jeffrey Quinn
JEFFREY QUINN is a 1998 graduate of Marceline High School in Marceline, Missouri and attended Northwest Missouri State University for business management. His love for his hometown of Marceline and the hunting opportunities available in north-central Missouri brought him home after college. Jeffrey married his wife Darcy, and continued to work in his familys business, Quinn Lumber Company. In addition, he also managed a small herd of Black Angus cattle and began purchasing row crop acreages. Jeffrey and Darcy have two sons, Hunter and Conner, and continue to live in Marceline.In 2007, Jeffrey earned his real estate license. Selling real estate quickly became a passion and he combined his love of the outdoors with his love of real estate. In 2010, he became a broker for Missouri Land and Farm in Brookfield, Missouri. Jeffrey left the family business in 2012 to broker real estate for Missouri Land and Farm full-time.Jeffrey currently owns, leases, or helps manage several thousand acres in north-central Missouri. He has high expectations for his properties and works hard to increase the productivity and longevity of his row crop fields, while creating exceptional habitats to support large herds of whitetails, numerous turkey, and a wide variety of waterfowl. He meticulously plants and manages food plots, re-positions stands, maintains nesting areas and more because he deeply believes that, If a job is worth doing, its worth doing right. Its a philosophy he applies to every aspect of his life including raising his family, farming, and coaching his sons youth football and wrestling teams.Doing the job right is also his approach to selling real estate. Growing up on the family farm near Marceline, Jeffrey knows the area well. He understands how to help people find that perfect property, and that wonderful feeling of pride in ownership.