Lee's Summit, Missouri, offers a diverse range of Retail Properties For Sale, providing investors with a unique opportunity to capitalize on the city's growing economy. With 3 available listings, Retail Properties in Lee's Summit represent a smart investment choice for those looking to tap into the local market. These properties can take many forms, including strip centers, shopping malls, and freestanding buildings, each offering a distinct investment opportunity. Lee's Summit's strategic location, with easy access to major highways and transportation hubs, makes it an attractive location for businesses and residents alike. The city's strong education system, with institutions like Longview Community College and the University of Central Missouri, and its high-quality healthcare facilities, such as Lee's Summit Medical Center and Saint Luke's East Hospital, further enhance its appeal. Additionally, the city's rich history, cultural attractions, and annual events like the Downtown Days Festival and the Summit Art Festival, make it a great place to live, work, and visit.
Lee's Summit's Retail Properties For Sale offer a unique blend of small-town charm and big-city amenities. The city's diverse economy, driven by healthcare, education, and transportation, provides a stable foundation for businesses to thrive. In addition to Retail Properties, Lee's Summit is also home to a range of other property types, including Shopping Centers, which offer a convenient and accessible shopping experience; Restaurants, which cater to the city's diverse culinary tastes; Office Properties, which provide a professional and productive work environment; and Hotels, which offer comfortable and convenient accommodations for visitors. With its prime location, strong economy, and high quality of life, Lee's Summit is an attractive destination for businesses and investors alike. Whether you're looking to invest in a Retail Property or another type of property, Lee's Summit has something to offer.
What is the average cap rate for retail properties in Lee's Summit?
When it comes to retail properties in Lee's Summit, investors can expect an average cap rate of 5.5%, which is a key metric to consider when evaluating the potential return on investment. For those new to commercial real estate investing, it's essential to understand what a cap rate is, and how it's calculated - you can learn more about it in our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Lee's Summit, Missouri, the location and foot traffic of a retail property significantly impact its value. For instance, properties situated near major roads such as I-470, US 40, US 50, Route 150, Route 291, and Route 350, or in areas with high foot traffic like Downtown Lee's Summit, tend to have higher values due to increased visibility and accessibility, with an average price per square foot of $1,335 USD and an average cap rate of 5.5%.
