Exterior view of a gray industrial building complex with a gravel parking lot, several cars, a large blue semi-truck at a loading dock, and surrounding trees under an overcast sky.
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37,000 SF NNN Industrial Investment | 7.27% Initial Yield | 3% Rent Growth

406 West 22nd Street · Higginsville · Lafayette County, MO 64037

Asking price

$1,650,000

Building

37,000 sqft

Lot

3.05 ac

Cap rate

7.27%

The pitch

Section 01 / 04

Investment highlights

  • Long-Term NNN Lease Through January 2036
  • 7.27% Initial Yield on $120,000 Annual Base Rent
  • 3% Contractual Annual Rent Increases Beginning Year 3
  • ±37,000 SF Industrial/Manufacturing Facility
  • 100% Occupied by Established Manufacturing Tenant
  • Offered at Approximately $44.59 Per Square Foot
  • Extensive Existing Manufacturing & Material-Handling Infrastructure
  • Multiple Overhead Doors, Production & Material Storage Areas

Executive summary

Single-tenant NNN industrial investment opportunity featuring an approximately 37,000 SF manufacturing facility in Higginsville, Missouri. The property is 100% occupied by an established manufacturing operation under a long-term lease through January 31, 2036. Current contractual base rent is $120,000 annually with 3% annual rent increases beginning after the initial two-year period. The tenant is responsible for substantially all defined property operating expenses under the NNN lease structure. The facility features extensive manufacturing and production space, office/reception areas, material storage, multiple overhead doors, industrial electrical infrastructure, dust-collection/ventilation systems and material-handling infrastructure. Offered at $1,650,000.

Due diligence

Section 02 / 04

From our partner CCPIA — the Certified Commercial Property Inspectors Association

The asset

Section 03 / 04

Pricing & Size

Building Size
37,000 sqft
Cap Rate
7.27 %
Net Operating Income
120,000 $/yr

Building

Construction Type
Steel Frame
Condition
Good
Stories
1

Utilities

HVAC Type
Central
Fiber Internet
Yes
Water
Municipal
Sewer
Municipal

Power

Power Phase
Three-phase
Service Amperage
1,000 A
Voltage
277/480V

Industrial Features

Drive-in Doors
4
Sprinkler System
Wet

Location & Zoning

FEMA Flood Zone
X
Opportunity Zone
No

Location & area

Section 04 / 04

Location

39.07355, -93.72320
Satellite
Street view

Access & nearby

OpenStreetMap

Getting there

Straight-line distance
Highway exit
I 70 / US 40 Exit 49 · 5 mi
Freight rail
CPKC Mexico Subdivision · 0.2 mi
Airport
Whiteman Air Force Base (SZL) · 25.4 mi
International airport
Kansas City International Airport (MCI) · 55.2 mi

Within a mile: 3 restaurants · 13 shops · 4 grocery stores · 6 schools · 12 parks

Nearby brands

Nearest location · within 1 mi
BP Fuel
0.3 mi
Cenex Fuel
0.6 mi
Casey's General Store Grocery
0.6 mi
Sonic Food
0.7 mi
Subway Food
0.7 mi
Walmart Retail
0.8 mi
McDonald's Food
0.8 mi

Demographics

U.S. Census ACS · 2019–2023 · LEHD
Statistic1 mi3 mi5 mi
Population9213,1096,910
Households4301,3062,718
Jobs (people working here)678392,399
Daytime population (est.)6062,6536,463
Median household income$70,262$72,713$81,795
Average household income$68,327$80,204$90,526
Median age37.440.742.3
Unemployment rate—2.8%2.3%
Bachelor's degree or higher15%30%28%
Population per sq mi29311088
Median home value$158,700$148,712$162,365
Median gross rent$752/mo$1,035/mo$978/mo
Charts within

Household income

Share of households · 1 mi
Under $25k
6%
27
$25k–$50k
35%
149
$50k–$100k
37%
160
$100k–$200k
21%
90
$200k+
1%
4

Population by age

Share of residents · 1 mi
Under 18
11%
99
18–24
12%
109
25–34
25%
232
35–44
9%
82
45–54
6%
59
55–64
18%
164
65–74
12%
107
75+
7%
69

Housing

Share of housing units · 1 mi
Owner occupied
50%
257
Renter occupied
33%
173
Vacant
17%
88

Median income by age

Age of householder · 1 mi
25–44
$69,069
45–64
$84,534
65+
$36,851

Jobs by industry

Share of jobs · 1 mi
Retail, food & lodging
36%
24
Health care
24%
16
Education
6%
4
Professional & finance
9%
6
Construction & manufacturing
0%
0
Wholesale & logistics
0%
0
Government
9%
6
Other services
16%
11

Education

Share of adults 25+ · 1 mi
No HS diploma
15%
106
High school
46%
328
Some college
24%
173
Bachelor's
4%
26
Graduate
11%
80

Race & ethnicity

Share of residents · 1 mi
White
92%
847
Black or African American
3%
27
Asian
4%
35
Two or more races
1%
12
Other
0%
0

Hispanic or Latino, of any race 1%

Natural hazard risk

FEMA National Risk Index · December 2025
Overall
Low
Cold wave
Very High
Tornado
High
Strong wind
High
Hail
Moderate
Lightning
Moderate
Heat wave
Moderate
Winter weather
Moderate
Ice storm
Moderate
Flooding (inland)
Low
Drought
Low
Earthquake
Low
Wildfire
Very Low
Hurricane
Very Low
Landslide
Very Low

Ratings are for the census tract, relative to all U.S. tracts — not a parcel-level model.

EPA-Tracked Facilities Within 1 Mile
53
Toxic-Release Facilities Within 1 Mile
0
EPA Severe Violators Within 1 Mile
0
In FEMA Special Flood Hazard Area
No