618-624 W Markey Rd
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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.
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
PROPERTY TAXES
Parcel Number | 1479007 | Improvements Assessment | $266,060 |
Land Assessment | $116,250 | Total Assessment | $382,310 |
PROPERTY TAXES
Parcel Number
1479007
Land Assessment
$116,250
Improvements Assessment
$266,060
Total Assessment
$382,310
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618-624 W Markey Rd
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