1253 SE Oldham Pky - Freestanding FOR SALE


Lee's Summit, MO 64081
$6,188,500 USD
972-755-5205
1253 SE Oldham Pky, Lee's Summit, MO for Sale
$6,188,500 USD
Freestanding - FOR SALE
1/4
null | 6.25% Cap Rate

1253 SE Oldham Pky
Lee's Summit, MO 64081


HIGHLIGHTS

  • Recently Exercised 10-Year Extension Through September 2035 | Corporate Absolute Net Lease
  • 2nd Busiest Tractor Supply in Missouri Based on Foot Traffic | 84th Percentile Nationally
  • Highway 50 Exposure — Approximately 43,420 VPD
  • Affluent Trade Area | 311,325 Residents and $105,517 Average Household Income (10 Miles)
  • Large 3.81-Acre Highway Site | 20-Year Operating History
  • Area Traffic Generators Include Costco, The Home Depot, Price Chopper and Summit Waves

OVERVIEW

Offered for sale is a Tractor Supply Co. in Lee’s Summit, Missouri. Tractor Supply recently exercised a 10-year extension of its corporate absolute net lease through September 2035, with a contractual rent increase after year 5 of the extension. Tractor Supply has operated at the location since 2005. The 23,520-square-foot freestanding building is situated on 3.81 acres directly along U.S. Highway 50, which carries approximately 43,420 VPD vehicles per day and serves as a primary east-west route connecting Lee’s Summit with the broader Kansas City metropolitan area. The store recorded approximately 238,100 visits over the trailing 12 months, ranking No. 2 among 69 Tractor Supply locations in Missouri based on foot traffic and in the 84th percentile nationally. The surrounding 10-mile trade area includes 311,325 residents and 123,444 households.

FOR SALE DETAILS

PRICE

$6,188,500 USD

PRICE/SF

$273 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply Co (Recent 10-Year Extension)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

3.81 AC

LAND SF

165,964 SF

ZONING

CP-2

APN/PARCEL ID

61-640-01-06-00-0-00-000

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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