Natural Grocers - Liberty, MO

114 South Stewart Road
Liberty, MO 64068

Overview

JLL is pleased to offer for sale the fee-simple interest in a NNN leased (Structure Only) Natural Grocers located in Liberty, MO (Kansas City MSA). The property is a freestanding retail building that is tenanted by Natural Grocers by Vitamin Cottage, Inc. (d/b/a Natural Grocers) on a NNN lease with the landlord responsible for structure only, and over 13.7 years of contractual lease term remaining. Natural Grocers by Vitamin Cottage is a publically traded company listed on the New York Stock Exchange (Symbol: NGVC). The Property was recently built in 2016 and is strategically positioned adjacent to the Interstate 35 (60,700+ VPD) exit ramp and along Kansas Street (MO Highway 152) that sees (49,800+ VPD) which is the main east/west thoroughfare that connects Liberty to the Interstate. The Asset sits as an outparcel to newly built Liberty Commons Shopping Center which features national retailers such as Hobby Lobby, Academy Sports + Outdoor, HomeGoods, PETCO, Ulta Beauty, and Kirkland’s. The corporate lease, recent construction, and absence of landlord obligations make this a great investment opportunity.
  • Primary Broker

    Matthew J. Berres - Net Lease Broker
    Matthew J. Berres

    +1 949 885 2933

  • In-State Licensee

    Henry Voges - Net Lease Broker
    Henry Voges
    MO

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Investment Highlights
• The tenant has over 13.7 years of lease term
• Corporate lease to a publically traded company (NYSE: NGVC)
• The Asset was built in 2016 and is an outparcel to a newly built $85 million dollar shopping center Liberty Commons
• The tenant is on an NNN lease with landlord only responsible for structure, tenant is responsible for roof
• Well-positioned adjacent to the exit ramp of I-35 which sees over 60,700+ vehicles daily and along MO Highway 152 which sees over 49,800+ vehicles daily
• Over 81,000 residents within a 5 miles radius with an average income of $94,000+
• Asset sits as an outparcel to Liberty Commons Shopping Center containing national retailers: Hobby Lobby, Academy Sports + Outdoor, HomeGoods, PETCO and many more
• The area is a major retail hub of the northwest suburbs of Kansas City containing national retailers: Target, Home Depot, Walmart , Sam’s Club, Best Buy, JCPenny and many more
General
Property Type Retail
Property Address 114 South Stewart Road
Liberty, MO 64068
Market MO-St. Louis
Land In Acres 1.86
Building Size 15,000 Square Feet
Primary Use Freestanding
Tenancy Single-Tenant
Financial
Price $6,317,000
Price PSF $421.13
Cap Rate 6.20%
Current NOI $391,650
Lease
Tenant Name Natural Grocers
Lease Type NNN
Annual Rent $391,650
Rent Escalations $15,000 in year 10 (2027) and in each option period
Options 4, 5-year options
Lease Expiration Date 1/31/2032
Remaining Term 13.5Yrs