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Listed by Richey Real Estate Group • Real Broker, LLC-MO
$ 920,000
Est. payment | /mo
1.27 Acres Lot
$ 920,000
Est. payment | /mo
1.27 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2617018
Year Built 2002
Annual Tax Amount $24,020
Lot Size 1.265 Acres
Acres 1.2654729
Property Sub-Type Office
Source hmls
Property Description
Income-producing, single-tenant dental and medical office investment in Raytown, Missouri, fully renovated and expanded in 2021. The approximately 3,481-square-foot building offers a 2,070-square-foot main clinical level and a 1,411-square-foot finished walkout lower level, set on 1.27 acres with 18 paved parking spaces and an ADA-accessible entrance.
The 2021 improvements included a modernized exterior, updated interior finishes, new HVAC and furnace systems, and a resurfaced and restriped parking lot — leaving little in the way of near-term capital needs for a buyer.
The building is leased to Apex Missouri Management, LLC (home to Terrace Family Dentistry) through October 2030 under a triple net lease. The tenant pays its own utilities and reimburses real estate taxes, property insurance and operating expenses, with current base rent of $60,000 annually — roughly a 6.5% cap rate. Two five-year renewal options are in place, each carrying a 10% base rent increase, giving an investor built-in income growth without renegotiating the lease.
Conveniently located near Raytown Road, Blue Parkway and the greater Kansas City metro. Sale includes the real estate only, subject to the existing lease; tenant's business, equipment and trade fixtures are excluded.
The 2021 improvements included a modernized exterior, updated interior finishes, new HVAC and furnace systems, and a resurfaced and restriped parking lot — leaving little in the way of near-term capital needs for a buyer.
The building is leased to Apex Missouri Management, LLC (home to Terrace Family Dentistry) through October 2030 under a triple net lease. The tenant pays its own utilities and reimburses real estate taxes, property insurance and operating expenses, with current base rent of $60,000 annually — roughly a 6.5% cap rate. Two five-year renewal options are in place, each carrying a 10% base rent increase, giving an investor built-in income growth without renegotiating the lease.
Conveniently located near Raytown Road, Blue Parkway and the greater Kansas City metro. Sale includes the real estate only, subject to the existing lease; tenant's business, equipment and trade fixtures are excluded.
Location
State MO
County Jackson
Zoning OFC
Interior
Interior Features Private Restroom, Public Restroom
Fireplace N
Exterior
Exterior Feature Building Sign
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Building
Story 2
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Nearby Locations
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