Deer Brook Plaza - Sale

1121-1225 NE Rice Road Lee's Summit, MO 64086

  • 53,327 Square Feet
  • Retail
  • For Sale

Summary Description

Deer Brook Plaza (the “Property”) is a, twobuilding,
53,327-square-foot inline retail center
located along the east side of Highway 291 in
Lee’s Summit, Missouri. The Property was built
in 1993 and is currently 91% occupied by 20
tenants. The offering presents an opportunity for
an investor to purchase a stabilized retail center
in one of the city’s strongest retail corridors
with a strong occupancy history and below
market rents.

Price: $8,000,000 USD

Area Available: 53,327 Square Feet

Features:

  • Total SF: 53,327
  • Year Built: 1993
  • Occupancy: 91%
  • Tenants: 20
  • Buildings: 2
  • Parking Ratio: 5.7:1,000
  • Sale Price: $8,000,000
  • Price Per Square Foot: $150.00
  • Net Operating Income $600,159
  • In-Place Cap Rate 7.50%; Average Rent Per Square Foot $12.86 (NNN)

Property Experts

Contact us regarding this property

An unexpected error has occurred. Please try again.
You didn't check the "I'm not a robot" checkbox.

Your request has been submitted.

Someone will contact you shortly.