4321 Ne Vivion Rd is aretail property for lease in Kansas City, MO.
12% cash on cash, 8.5% cap. At it's current income with professional management. The loan shown here is proforma.
The property improvements consist of 15 rental units plus marquee rental. Two commercial buildings (5,520 sq ft +/- each for a total of 11,040 sq ft +/-) and one single family residential rental home (1,800 sq ft +/-) for a total leasable sq. ft. of 12,840 +/- and one marquee sign board.
The two commercial buildings are one story, 2”x 6” wood framed with brick fronts and sides and wood siding backs located on a concrete slab, hip roofs, shingles new in 2010. Parking is asphalt with 50+/- parking spaces. There is a total of 14-demised units however the current unit mix has the property demised into 11-units. The buildings sit on 1-acre +/-. The lot is 141' deep and 307' of Vivion RD frontage.
The single family home is located at the corner of Vivion RD & 5132 N Cypress Ave it is 1,800 sq ft+/-, 4-bed, 2 bath, tri-level style, the underlying ground is zoned commercial. The home sits on a 111’ x 115’ corner lot. The home was built in 1956.
The tenant mix consists of medical, sales, office, financial and personal services. Most tenants have been in place for several years and have provided and or paid for their tenant improvements.
This property is located in a high traffic area. It borders the Meierotto Jewelry Store (a locally famous store). The surrounding area is the perfect mix of roof tops, medical services, restaurants, retail etc., everything required to make this a great neighborhood community center.
"Proforma" Vacancy factors 15%-yr one, 9%-yr two, 7%-yr three, 7%-yr four, 5%-yr five and beyond.