655 RteLiberty, MO 64068

For Sale
$10,208,880

Missouri NNN Lease, Top 7% Location

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fee-simple, 6,119 square foot QuikTrip convenience store and gas station in Liberty, Missouri. Located at 655 Rte 291, this Class A property boasts a 100% occupancy rate under an absolute NNN lease with QuikTrip Corporation, providing significant security and minimal landlord responsibilities. The lease, commencing March 31, 2018, has a remaining term of 8.4 years, with ten five-year options featuring rent bumps. The property, built in 2018, sits on a 2.63-acre lot with 60 parking spaces and 10 gas pumps. The current NOI is $510,444, with a pro-forma NOI of $531,720, yielding a 5.00% cap rate and a pro-forma cap rate of 5.21%. The asking price is $10,208,880, translating to $1,668.39 per square foot. This prime location is ranked among the top 7% of all QuikTrip locations based on visits, recording 1.4 million visits in the past year. The property is eligible for accelerated bonus depreciation, further enhancing its investment appeal. This is a rare opportunity to acquire a high-performing, corporate-guaranteed asset with significant long-term growth potential. The property's strong performance, coupled with the favorable lease terms and prime location, makes it an ideal addition to any diversified investment portfolio. All information is deemed reliable but not guaranteed.

Highlights

  • NNN lease with QuikTrip, over 8 years remaining.
  • No landlord responsibilities.
  • Corporate guarantee from QuikTrip Corporation.
  • Ten 5-year options with rent increases.
  • New construction; replaced a demolished building.
  • Eligible for 60% bonus depreciation in year one.

Property Details for 655 Rte

Property type
Other retail properties, Automotive properties
Square Feet
6,119 SF
Class
A
Year Built
2018
Buildings
1
Stories
1
Lot Size (sq. ft)
114,563 SF
Units
1

Location Insight

City
Liberty
County
Clay
State
Missouri
Latitude
39.2396572
Longitude
-94.43741619
655 Rte, Liberty, Missouri

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655 Rte
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