618-624 W Markey Rd - Freestanding FOR SALE


Belton, MO 64012
$2,650,000 USD
618-624 W Markey Rd, Belton, MO for Sale
$2,650,000 USD
Freestanding - FOR SALE
1/8
null | 7.75% Cap Rate

618-624 W Markey Rd
Belton, MO 64012


OVERVIEW

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a 6,300 SF Multi-Tenant Strip Center in Belton, MO. The property is fully leased to three tenants: Fazoli’s, Kinetic Braces, and Nothing Bundt Cakes, all on NNN leases. Located at 620-624 Markey Parkway, the property is secured by three NNN leases. Fazoli’s and Nothing Bundt Cakes each signed 10-year leases while Kinetic Braces committed to a new 7-year lease starting in February 2025. Lease terms include favorable renewal options: Fazoli’s has four (4) five-year options, Kinetic Braces has two (2) five-year options, and Nothing Bundt Cakes has three (3) five-year options.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$417 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

-

APN/PARCEL ID

1479008

ASK ABOUT THIS PROPERTY

Zack HilgendorfAtlantic Capital PartnersMore Info

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Zack HilgendorfAtlantic Capital PartnersMore Info

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