DOUBLE C INDUSTRIES, INC. (BLUE SPRINGS, MO)

SINGLE TENANT

1400 SOUTHEAST US-40 HIGHWAY BLUE SPRINGS, MO 64014
Price :
$ 1,595,000
Cap Rate :
8.00%
NOI :
$ 127,530
Lot Size :
2.60 acres
Year Built :
1978/1987
Property Area :
33,276 sqft
Status :
AVAILABLE
MARKETING PACKAGE

By downloading the Marketing Package (“Offering Memorandum”) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

 

Investment Highlights

• Located in Blue Springs Industrial Submarket
• 1.6 Percent Vacancy Rate for Buildings Under 100K SF
• One Mile South of I-70
• Double C Industries, Inc. in Business Over 25 years
• Tenant at Subject Location Since 2002
• Triple-Net Lease with Minimal Landlord Responsibilities
• Ownership Resealing Parking Lot in October 2019

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1400 Southeast US-40 Highway in Blue Springs, Missouri, leased to Double C Industries, Inc. The subject property consists of approximately 33,276 square feet of space and is situated on 2.6 acres of land. The subject property is located in the Blue Springs Industrial submarket, which has great historical occupancy and a 1.6 percent vacancy rate. Tenant Double C Industries, Inc. has been in business over 25 years and has been at the subject location since 2002. There is currently a triple-net lease in place with minimal landlord responsibilities. Ownership is resealing the parking lot in October 2019. The subject asset is a one-mile drive to Interstate 70 located to the north.

Founded in 1994, Double C Industries, Inc. offers a wide range of Commercial Casework options, traditional and contemporary kitchens, home storage options, quality countertops, and garage organization plans for functional homes or businesses in the Kansas City metro. Double C Industries, Inc. works with a wide variety of industries including: Hospital/Medical, Educational, Retail, Food Service, and Senior/Assisted Living.

The Kansas City metro sits close to both the geographic and population centers of the United States and serves as a major regional commercial, industrial and cultural hub. The market consists of 14 counties: Clay, Bates, Cass, Platte, Clinton, Caldwell, Jackson, Lafayette and Ray counties in Missouri; and Johnson, Linn, Miami, Leavenworth and Wyandotte counties in Kansas. The metro has roughly 2.1 million residents. Jackson is the most populous county with 709,000 people, followed by Johnson with 592,000 residents. Kansas City, Missouri, is the largest city with 488,000 citizens, followed by Overland Park, Kansas, with 189,000 people.

 

BROKER OF RECORD
BRAD BARHAM
Missouri Broker of Record
Downtown Chicago Office
Tel: 312-327-5400
Fax: 312-327-5410
Brad.Barham@marcusmillichap.com
License: MO 2013016939
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2019 Marcus & Millichap. All rights reserved. (Activity ID: ZAA0060709)

Exclusive Listing

Adam Abushagur
(972) 755-5223
Lic # TX : 661916
Tyler Sharp
(312) 327-5446
Lic # TX : 177869

Need Financing?

Learn how we can help you. Get Started

Questions?