10800 E 77th Ter - Medical FOR SALE


Raytown, MO 64138
$999,000 USD
816-516-5180
10800 E 77th Ter, Raytown, MO for Sale
$999,000 USD
Medical - FOR SALE
1/12
null | Request Cap Rate

10800 E 77th Ter
Raytown, MO 64138


HIGHLIGHTS

  • 3,481 SF Renovated Dental/Medical Office
  • $60,000 Contractual Annual Base Rent
  • Modified Net Lease Through October 2030
  • Two 5-Year Renewal Options with 10% Rent Increases Upon Exercise
  • Extensively Renovated and Expanded in 2021
  • HVAC and Furnace Systems Installed in 2021

OVERVIEW

Single-Tenant Dental Office Investment | 3,481 Finished SF | $60,000 Annual Base Rent | Lease Through October 2030 10800 E 77th Terrace presents an opportunity to acquire an income-producing dental and medical office investment in Raytown, Missouri, within the Kansas City metropolitan area. The property is leased to Apex Missouri Management, LLC through October 9, 2030, at contractual annual base rent of $60,000. The approximately 3,481-square-foot, two-level building consists of a 2,070-square-foot main clinical level and a 1,411-square-foot finished walkout lower level. The property is situated on approximately 1.27 acres and includes 18 surface parking spaces, ADA-accessible entry, building signage and convenient access to Raytown Road, Blue Parkway, Interstate 70 and surrounding Eastern Jackson County communities. Originally constructed in 2002, the building underwent an extensive renovation and expansion in 2021. Improvements included a front building addition, updated clinical interior, modernized exterior façade, resurfaced and restriped parking lot, and HVAC and furnace systems installed in 2021. The specialized dental office layout provides a functional clinical environment with supporting office, laboratory and lower-level space. The property is operated under a modified net lease. In addition to base rent, the tenant pays utilities and reimburses real estate taxes, property insurance and operating expenses. The landlord retains certain structural and capital responsibilities as outlined in the lease. Two additional five-year tenant renewal options are available, with a 10% increase in base rent at the beginning of each exercised option period. Investment highlights include: • Single-tenant dental and medical office investment • $60,000 in contractual annual base rent • Initial lease term through October 9, 2030 • Two five-year tenant renewal options • 10% base-rent increase with each exercised option • Approximately 3,481 finished square feet • Extensive 2021 renovation and building expansion • 1.27-acre site with 18 surface parking spaces • Established Kansas City metro medical-office location The offering consists of the real estate subject to the existing lease. The tenant’s dental business, equipment, personal property and trade fixtures are not included.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$500 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,125 SF

ZONING

HC

APN/PARCEL ID

45-710-04-24-00-0-00-000

ASK ABOUT THIS PROPERTY

Marisa DunlapReal Broker, LLCMore Info
816-516-5180

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Marisa DunlapReal Broker, LLCMore Info
816-516-5180

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.