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618-624 W Markey Rd

6,360 SF 100% Leased Retail Building Belton, MO 64012 $2,840,000 ($447/SF) 7.25% Cap Rate

Executive Summary

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a 6,300 SF Multi-Tenant Strip Center in Belton, MO. The property is fully leased to three tenants: Fazoli’s, Kinetic Braces, and Nothing Bundt Cakes, all on NNN leases. Located at 620-624 Markey Parkway, the property is secured by three NNN leases. Fazoli’s and Nothing Bundt Cakes each signed 10-year leases while Kinetic Braces committed to a new 7-year lease starting in February 2025. Lease terms include favorable renewal options:
Fazoli’s has four (4) five-year options, Kinetic Braces has two (2) five-year options, and Nothing Bundt Cakes has three (3) five-year options.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,360 SF
Building Class
C
Year Built
2016
Price
$2,840,000
Price Per SF
$447
Cap Rate
7.25%
NOI
$205,900
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.16 AC

Amenities

  • Corner Lot
  • Freeway Visibility
  • Security System
  • Signalized Intersection

Nearby Major Retailers

Fazoli's
Cracker Barrel Old Country Store
Crossfit Nexus
Cosentino's Price Chopper
Starbucks
KeyPoint Counseling Services
Hawaiian Bros Island Grill
McAllister's Deli
Applebee's
Hy-Vee

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1479007
Land Assessment
$116,250
Improvements Assessment
$266,060
Total Assessment
$382,310
  • Listing ID: 34477698

  • Date on Market: 1/14/2025

  • Last Updated:

  • Address: 618-624 W Markey Rd, Belton, MO 64012

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