Retail Space - For Sale
402M Route 291 Lees Summit, MO 64063
Details & Description
Price: $2,808,000
  • Property Type Retail for Sale : Vehicle Sales/Service
  • Lot Size Acres 1.050
  • Building Sq Ft 1,560
  • Building Price per Sq Ft $1,800.00
  • Land Sq Ft 45,738
  • Land Price per Sq Ft $61.39
Absolute NNN Valvoline in Lee’s Summit, MOThe tenant just signed a brand new, 15-year absolute NNN lease that features 10% rental increases every five years throughout the base term and at the beginning of each of the three, 5-year options. The triple net nature of the lease means the Landlord benefits from zero maintenance or expense obligations.VALVOLINE is the 2nd largest oil change company in the United States boasting revenues of $2.353B in 2020.THE SUBJECT PROPERTY features ample frontage along Route 291, a prominent thoroughfare that runs through one of the main retail corridors in the trade area and boasts traffic counts of over 27,000 VPD. Route 291 is home to major national tenants including Walmart, Home Depot, ALDI, Hobby Lobby, Big Lots, and Sherwin Williams.
Listing Agents
John Andreini
Capital Pacific
O: 415-274-2715
jandreini@capitalpacific.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

402M Route 291

Lees Summit, MO 64063

Listing ID: 259449
$2,808,000
For Sale
  • Property Type Retail for Sale : Vehicle Sales/Service
  • Lot Size Acres 1.050
  • Building Sq Ft 1,560
  • Building Price per Sq Ft $1,800.00
  • Land Sq Ft 45,738
  • Land Price per Sq Ft $61.39
  • 402M Route 291 Lees Summit, MO 64063 | for Sale | Photo 1
  • 402M Route 291 Lees Summit, MO 64063 | for Sale | Photo 2
402M Route 291 | for Sale | Thumbnail 1
402M Route 291 | for Sale | Thumbnail 2
Description

Absolute NNN Valvoline in Lee’s Summit, MO

The tenant just signed a brand new, 15-year absolute NNN lease that features 10% rental increases every five years throughout the base term and at the beginning of each of the three, 5-year options. The triple net nature of the lease means the Landlord benefits from zero maintenance or expense obligations.

VALVOLINE is the 2nd largest oil change company in the United States boasting revenues of $2.353B in 2020.

THE SUBJECT PROPERTY features ample frontage along Route 291, a prominent thoroughfare that runs through one of the main retail corridors in the trade area and boasts traffic counts of over 27,000 VPD. Route 291 is home to major national tenants including Walmart, Home Depot, ALDI, Hobby Lobby, Big Lots, and Sherwin Williams.

Attachments & Files

Listing Demographics for 402M Route 291 Lees Summit, MO 64063

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population10,96653,18887,945
Population Median Age373838
Population by Age0-9 Yrs1673 (15%)7108 (13%)12087 (13%)
10-19 Yrs1350 (12%)7501 (14%)13038 (14%)
20-29 Yrs1648 (15%)6387 (12%)9110 (10%)
30-39 Yrs1546 (14%)7277 (13%)11695 (13%)
40-49 Yrs1099 (10%)6439 (12%)11634 (13%)
50-59 Yrs1463 (13%)7487 (14%)12744 (14%)
60-69 Yrs1034 (9%)5292 (9%)8578 (9%)
70+ Yrs1152 (10%)5696 (10%)9058 (10%)
Median HH Income$62,730$75,446$87,125
Total Household Income< 24K832 (18%)2839 (13%)3500 (10%)
25-49K847 (18%)3702 (17%)5142 (15%)
50-74K961 (21%)3977 (18%)5514 (16%)
75-99K613 (13%)3524 (16%)5222 (15%)
100-199K1170 (25%)5875 (27%)10919 (32%)
200K+123 (2%)1245 (5%)3081 (9%)
Highest Education LevelNo Diploma31314512127
Diploma or GED1674780511455
Some College2169901113763
Assoc. Degree66730774792
Bachelors Degree1619953516610
Higher Degree85649159927
Total Housing Units4,76622,52235,140
--Owner-Occupied2,87714,78424,937
--Renter-Occupied1,6706,3788,441
Owner-Occupied Values< 100K2968601079
100-199K1859849410793
200-299K65237707207
300-399K6010403768
400-499K03351306
500K+10286783
Total Working Age Population8,45741,14567,369
In Work Force5,97528,77847,185
Not In Work Force2,48212,36620,184
Workforce Employed5,66127,77145,683
Workforce Unemployed2178521,332
Civlian Workforce5,87828,62347,016
Military Workforce97155170
Total Households4,54721,16233,378
Family Households3,11214,33824,029
Non-Family Households1,4356,8249,349
Married Couple2,11411,04519,289
Other Family9983,2934,740
Married w/Child7714,7588,737
Single Male w/Child87398664
Single Female w/Child4541,5252,113

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Missouri5,595,211+75,988,927+76,389,850+66,746,762
Cass County82,092+2199,478+22121,499+13136,933
Jackson County654,880+3674,158+2689,226+4714,467

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Closest Commercial Airports
Airport Distance (mi)
Kansas City International Airport (MCI) 33
Joplin Regional Airport (JLN) 122
Springfield Branson National Airport (SGF) 127
Listing Agent
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