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Listed price in listed location currency (USD).
$920,000

000

MLS® 2617018

Overview

Key Facts

Type Office
Levels Commercial Sale
Size -
Garage 
Taxes $24,020
Days Active 168
Lot Size 55124 SF
Approx. Age 2002
MLS® Number 2617018

Property Address: 10800 E 77th Ter, Raytown, MO, 64138-2331

Average square foot calculated using Size range provided by listing agent.

Description

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® Number2617018
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2002
Basement
DrivewayParking Lot, Paved
Garage Spaces
Heat
A/C

Extras

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