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

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

valvoline-leessummitmo-XV1-LZL.pdf

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 Population		10,966	53,188	87,945
Population Median Age		37	38	38
Population by Age	0-9 Yrs	1673 (15%)	7108 (13%)	12087 (13%)
	10-19 Yrs	1350 (12%)	7501 (14%)	13038 (14%)
	20-29 Yrs	1648 (15%)	6387 (12%)	9110 (10%)
	30-39 Yrs	1546 (14%)	7277 (13%)	11695 (13%)
	40-49 Yrs	1099 (10%)	6439 (12%)	11634 (13%)
	50-59 Yrs	1463 (13%)	7487 (14%)	12744 (14%)
	60-69 Yrs	1034 (9%)	5292 (9%)	8578 (9%)
	70+ Yrs	1152 (10%)	5696 (10%)	9058 (10%)

Median HH Income		$62,730	$75,446	$87,125
Total Household Income	< 24K	832 (18%)	2839 (13%)	3500 (10%)
	25-49K	847 (18%)	3702 (17%)	5142 (15%)
	50-74K	961 (21%)	3977 (18%)	5514 (16%)
	75-99K	613 (13%)	3524 (16%)	5222 (15%)
	100-199K	1170 (25%)	5875 (27%)	10919 (32%)
	200K+	123 (2%)	1245 (5%)	3081 (9%)

Highest Education Level	No Diploma	313	1451	2127
	Diploma or GED	1674	7805	11455
	Some College	2169	9011	13763
	Assoc. Degree	667	3077	4792
	Bachelors Degree	1619	9535	16610
	Higher Degree	856	4915	9927

Total Housing Units		4,766	22,522	35,140
--Owner-Occupied		2,877	14,784	24,937
--Renter-Occupied		1,670	6,378	8,441
Owner-Occupied Values	< 100K	296	860	1079
	100-199K	1859	8494	10793
	200-299K	652	3770	7207
	300-399K	60	1040	3768
	400-499K	0	335	1306
	500K+	10	286	783

Total Working Age Population		8,457	41,145	67,369
In Work Force		5,975	28,778	47,185
Not In Work Force		2,482	12,366	20,184
Workforce Employed		5,661	27,771	45,683
Workforce Unemployed		217	852	1,332
Civlian Workforce		5,878	28,623	47,016
Military Workforce		97	155	170

Total Households		4,547	21,162	33,378
Family Households		3,112	14,338	24,029
Non-Family Households		1,435	6,824	9,349
Married Couple		2,114	11,045	19,289
Other Family		998	3,293	4,740
Married w/Child		771	4,758	8,737
Single Male w/Child		87	398	664
Single Female w/Child		454	1,525	2,113

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Missouri	5,595,211	+7	5,988,927	+7	6,389,850	+6	6,746,762
Cass County	82,092	+21	99,478	+22	121,499	+13	136,933
Jackson County	654,880	+3	674,158	+2	689,226	+4	714,467

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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

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