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 / 04Investment 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
Find a commercial property inspector Order a commercial inspection from a Certified Commercial Property Inspector serving this area.
Investment Property Analyzer Run the numbers on this property with CCPIA’s free analyzer — income, expenses, and returns before you offer.From our partner CCPIA — the Certified Commercial Property Inspectors Association
The asset
Section 03 / 04Pricing & 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 / 04Location
39.07355, -93.72320Access & nearby
OpenStreetMapGetting 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| Statistic | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 921 | 3,109 | 6,910 |
| Households | 430 | 1,306 | 2,718 |
| Jobs (people working here) | 67 | 839 | 2,399 |
| Daytime population (est.) | 606 | 2,653 | 6,463 |
| Median household income | $70,262 | $72,713 | $81,795 |
| Average household income | $68,327 | $80,204 | $90,526 |
| Median age | 37.4 | 40.7 | 42.3 |
| Unemployment rate | — | 2.8% | 2.3% |
| Bachelor's degree or higher | 15% | 30% | 28% |
| Population per sq mi | 293 | 110 | 88 |
| Median home value | $158,700 | $148,712 | $162,365 |
| Median gross rent | $752/mo | $1,035/mo | $978/mo |
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