AT&T Lee's Summit

Investment Overview

Built in 2002 for the current two tenants.  A new roof was installed in 2022.  The property is a pad site across the street from Summit Wood’s Crossing.  An 820,000 sf super regional center with Kohl’s, Super Target, Lowe’s Home Improvement, Best Buy, Michael’s, TJ Maxx and many others.  Both tenants prominent signage is visible to nearly 110,000 vpd.  There are 23 parking spaces providing a 5.1/1,000 sf parking ratio. 

Area Overview

Lee’s Summit is one of the metro areas fastest growing suburbs with over
100,000 residents and a variety of major employers contributing to the local economy
(school district – 2,886, Homeland Security – 2,200, US Citizenship and Immigration
Services/National Benefits Center – 1,500, GEHA – 1,313, University Health Lakewood
Medical Center – 1,206, John Knox Village retirement community – 1,000).

Highlights

• Built in 2002
• New roof 2022.
• Both tenants have occupied since the building was placed in service.
• Discretionary Income in the trade is 31% higher than the national average.