Phil Sambazis - Commercial Real Estate Showcase

Phil Sambazis Property Listings
First Vice President Investments
Marcus & Millichap
4660 La Jolla Village Dr
Suite 900
San Diego, CA 92122-4601

12348 S US Highway 71 - Truman's Marketplace

Grandview, MO 64030-1131 - South Kansas City MO Submarket

(2.5 MB)

Property Type:Retail Sub Type:- Status:Existing Year Built:2016
Building Size:7,993 SF Land Area:1.41 AC (61,420 SF)
For Sale Price:$4,190,900 Price/SF:$524.32
Cap Rate:6.25 %

APN: 64-500-04-83-00-0-00-000

Sale Notes:
Chipotle, AT&T and Mattress Firm are located at 12348 S. Highway in Grandview (Kansas City), Missouri. The offering provides for new 10 year leases with ten percent increases every five years.
Grandview, Missouri, is located in Jackson County, about 20 minutes south of Kansas City along U.S. Route 71. President Harry Truman grew up here, working on his grandfather' s farm. It is part of the Kansas City metropolitan area, which covers 14 counties with a total population of more than two million. As part of the Kansas City metro area, Grandview is an easy drive to a rich variety of sporting events, concerts, plays, movies, restaurants, shops, and other attractions. Locally, you' ll find over 200 acres of public parkland for outdoor recreation, including the Tails & Trails dog part. A new 800-seat amphitheater (May 2016) features free events and concerts. The historic Harry Truman Farm, where the 33rd U.S. President lived as a boy, is open to the public
and admission is free. In May, the annual Truman Heritage Festival brings three days of celebration with carnival rides, music, and food.

100% Occupied by Chipotle, AT&T, and Mattress Firm
All Tenants Operating Under 10-Year Leases with 10% Increases Every 5 Years
Brand New 2016 Construction
Outparcel to Newly Renovated Power Center Anchored by Walmart Supercenter, TJ Maxx, Ross, Price Chopper, Petco, and Burlington
Highly Visible to 81,377 Cars/Day Along I-49/Hwy. 71
14 Miles South of Downtown Kansas City

Marcus & Millichap
Phil Sambazis
(858) 373-3100

Marcus & Millichap Inc
Jamie Medress
(602) 687-6778

Mark Ruble
(602) 687-6766 x6766

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