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Jazz 19700 E Valley View Pky 6,269 SF Retail Building Independence, MO 64057 $1,520,000 ($242.46/SF) 7% Cap Rate
Investment Highlights
- Prime location with great frontage on E Valley View Parkway
Executive Summary
Approximately 6,269 sq ft building on 1.65 acres of land. Initial 7-year lease term in 2023 with two 5-year options
All fixtures, furniture, and equipment are included. Located across from Independence Events Center, a regional draw, plus Independence Center Mall and surrounding major shopping/dining destination areas. Other surrounding tenants include Bass Pro Shop, Costco, Lowe's, Carmax, Hobby Lobby, Best Buy, Menard's, Macy's, Dick's, Walmart Supercenter, Target, Petsmart, Sam's Club, Dillards, Starbucks, AMC Theaters, and more. Excellent visibility and signage to I-70, with a large parking lot. High traffic counts and strong demographics
All fixtures, furniture, and equipment are included. Located across from Independence Events Center, a regional draw, plus Independence Center Mall and surrounding major shopping/dining destination areas. Other surrounding tenants include Bass Pro Shop, Costco, Lowe's, Carmax, Hobby Lobby, Best Buy, Menard's, Macy's, Dick's, Walmart Supercenter, Target, Petsmart, Sam's Club, Dillards, Starbucks, AMC Theaters, and more. Excellent visibility and signage to I-70, with a large parking lot. High traffic counts and strong demographics
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,269 SF
Building Class
B
Year Built
1999
Price
$1,520,000
Price Per SF
$242.46
Cap Rate
7%
NOI
$106,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.65 AC
Zoning
C - Commercial
Parking
100 Spaces (15.95 Spaces per 1,000 SF Leased)
Amenities
- Wheelchair Accessible
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 34-620-01-08-00-0-00-000 | Improvements Assessment | $244,192 |
| Land Assessment | $395,808 | Total Assessment | $640,000 |
Property Taxes
Parcel Number
34-620-01-08-00-0-00-000
Land Assessment
$395,808
Improvements Assessment
$244,192
Total Assessment
$640,000
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