Natural Grocers - Liberty, MO

114 S Stewart Rd
Liberty , MO 64068-4200

Natural Grocers - Liberty, MO - Retail for sale

Overview


JLL is pleased to offer for sale the fee-simple interest in a NNN leased Natural Grocers located in Liberty, MO (Kansas City MSA). The property is a freestanding retail building that is tenanted by Natural Grocers by Vitamin Cottage, Inc. (d/b/a Natural Grocers) on a NNN lease with the landlord responsible for structure only, and over 13.4 years of contractual lease term remaining. Natural Grocers by Vitamin Cottage is a publically traded company listed on the New York Stock Exchange (Symbol: NGVC). The Property was recently built in 2016 and is strategically positioned adjacent to the Interstate 35 (60,700+ VPD) exit ramp and along Kansas Street (MO Highway 152) that sees (49,800+ VPD) which is the main east/west thoroughfare that connects Liberty to the Interstate. The Asset sits as an outparcel to newly built Liberty Commons Shopping Center which features national retailers such as Hobby Lobby, Academy Sports + Outdoor, HomeGoods, PETCO, Ulta Beauty, and Kirklands. The corporate lease, recent construction, and absence of landlord obligations make this a great investment opportunity.

Investment Highlights


• The tenant has over 13.4 years of lease term
• Corporate lease to a publically traded company (NYSE: NGVC)
• The Asset was built in 2016 and is an outparcel to a newly built $85 million dollar shopping center Liberty Commons
• The tenant is on an NNN lease with landlord only responsible for structure, tenant is responsible for roof
• Well-positioned adjacent to the exit ramp of I-35 which sees over 60,700+ vehicles daily and along MO Highway 152 which sees over 49,800+ vehicles daily
• Over 81,000 residents within a 5 miles radius with an average income of $94,000+
• Asset sits as an outparcel to Liberty Commons Shopping Center containing national retailers: Hobby Lobby, Academy Sports + Outdoor, HomeGoods, PETCO and many more
• The area is a major retail hub of the northwest suburbs of Kansas City containing national retailers: Target, Home Depot, Walmart , Sam’s Club, Best Buy, JCPenny and many more
General
Property Type Retail
Property Subtype Freestanding
Tenure Type Sale / Purchase
Property Address 114 S Stewart Rd, Liberty, MO 64068-4200
Land In Acres 1.86
Building Size 15,000  ft2
Financial
Price $6,216,666
Cap Rate 6.30%
Current NOI $391,650.00
Lease
Tenant's Name Natural Grocers By Vitamin Cottage, Incorporated
Lease Type NNN
Lease Expiration Date 01/31/2032
Remaining Term 13Yrs
Download Offering Memorandum

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