TITLE:
Fountain Plaza Neighborhood Retail Center
CONTROL:
Exclusive
VALUE:
$1,300,000
LOAN:
$400,000
EQUITY:
$900,000
TYPE:
Retail/Commercial
HAVE:
Local neighborhood retail center with good tenants & opportunity to add value with lease renewals and increased NNN. 100% leased, local property management, great location, near new Urgent Care Facility, Hy-Vee Grocery Store shadow anchor
ADDRESS:
2400 S. Lees Summit Rd, Independence, Missouri
BENEFITS TO NEW OWNER:
100% occupancy, cash flow, local property management
.jpg "Fountain Plaza Neighborhood Retail Center: Front")
.jpg "Fountain Plaza Neighborhood Retail Center: Aerial")
GROSS SCHEDULED INCOME:
$102,432 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$102,432
EXPENSES:
$10,226
NOI:
$92,206
DEBT SERVICE:
$0
CASH FLOW:
$92,206
CAP RATE:
7.09%
BENEFITS SOUGHT:
Sell building to move up into larger investment.
REMARKS:
Parking lot resurfaced in 2023, new roof in 2019, new exit doors for ground floor units in 2023, new exterior sidewalk lighting in 2023, new concrete flooring in unit 140 in 2025, new upstairs HVAC unit in 2024, new LED monument sign lighting in 2023
COUNSELOR:
Pierre Heidrich
Bi-State Realty Group, LLC
751 NE Anderson Ln
Lees Summit, Missouri, 64064
