Income-producing, single-tenant dental and medical office investment in Raytown, Missouri, fully renovated and expanded in 2021. The approximately 3,481-square-foot building offers a 2,070-square-foot main clinical level and a 1,411-square-foot finished walkout lower level, set on 1.27 acres with 18 paved parking spaces and an ADA-accessible entrance. The 2021 improvements included a modernized exterior, updated interior finishes, new HVAC and furnace systems, and a resurfaced and restriped parking lot - leaving little in the way of near-term capital needs for a buyer. The building is leased to Apex Missouri Management, LLC (home to Terrace Family Dentistry) through October 2030 under a triple net lease. The tenant pays its own utilities and reimburses real estate taxes, property insurance and operating expenses, with current base rent of $60,000 annually - roughly a 6.5% cap rate. Two five-year renewal options are in place, each carrying a 10% base rent increase, giving an investor built-in income growth without renegotiating the lease. Conveniently located near Raytown Road, Blue Parkway and the greater Kansas City metro. Sale includes the real estate only, subject to the existing lease; tenant's business, equipment and trade fixtures are excluded.
| MLS # | 2617018 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 2002 |
| Days On Site | 164 |
| Listing Provided By | Real Broker, LLC-MO | Richey Real Estate Group |
| Story(s) | 2 |
|---|---|
| Zoning | OFC |
| Acreage | 1.27 |
| Property | 24020 |
|---|
| State | MO |
|---|---|
| County | Jackson |
| City | Raytown |
| Zip Code | 64138 |
| Area | 205 Raytown Area |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $920,000 low | high Med: $270,000 On site: 164 low | high Med: 83 | |
| State | MO |
|---|---|
| County | Jackson |
| City | Raytown |
| Zip Code | 64138 |
| Area | 205 Raytown Area |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $920,000 low | high Med: $270,000 On site: 164 low | high Med: 83 | |