Lee’s Summit, MO
4-property neighborhood retail portfolio with value-add upside located in the desirable Kansas City suburb of Lee’s Summit.
1305-1667 NE DOUGLAS ST
LEE’S SUMMIT, MO 64086
Douglas Square is a 4-building 59,451 square foot neighborhood retail center located in Lee’s Summit, Missouri (Kansas City MSA).
The buildings were constructed in 2000 and are home to a variety of medical, restaurant, and service-oriented tenants. The portfolio’s occupancy at acquisition was ±74% which provides an opportunity to create value by leasing up the vacant suites.
Lee’s Summit, Missouri, and the surrounding area is an affluent suburb in the Kansas City MSA. The submarket’s abundance of high-earning households creates strong demand for all types of retail.
Douglas Square benefits from its proximity to residential neighborhoods, easy access to the freeway system, and close proximity to the St. Luke’s East Hospital.