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.
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