3210 NE Carnegie Dr, Lees Summit, MO 64064

We are pleased to offer an opportunity to qualified investors to purchase the fee simple ownership of the single-tenant, net-leased building and land, Element Medical Imaging (the “Tenant”), located in Lee’s Summit, Missouri.​ The property has immediate access from both NE Strother Road and NE Woods Chapel Road off Interstate 470, with more than 35,000 VPD.​ The 7,500 SF subject property sits on a 1.05-acre site with 37 parking spaces and is strategically located for easy access to the Lee’s Summit community and three area hospitals.​ As part of the Woods Chapel office development, the Tenant and building are in a superior location.​ Unlike most new medical office properties, the Element Medical Imaging building is only priced at $260 PSF.​ The Tenant elected to invest over $1 million of their money into the facility as opposed to amortizing that amount in their lease rate.​ Therefore at acquisition, the Tenant is only paying $13.00 PSF on a triple net basis.​ The 15-year lease has 3% annual rent increases producing a net capitalization rate of over 6.5% during the first five years of ownership, providing long-term passive income.​

4 years remaining - original 15 year lease
3% annual rental increases » 2-5 year options » Next increase 11/1/2021
Tenant pays CAM, real estate taxes, and insurance - minimal landlord responsibilities
Immediate interstate access to I-470 - intersects with NE Strother Road & NE Woods Chapel Road
Close proximity to Saint Luke’s East Hospital, Children’s Mercy East, and Centerpoint Medical Center
Strong surrounding demographics » 104,796 residents within 5-mile radius » Over $110,000 average household income within 3-mile radius