Price Chopper/Starbucks building sells for $9.25 million in Grain Valley, MO
February 13, 2020
of Block & Company, Inc., Realtors
successfully represented the buyer in the investment sale transaction of 1191 NE McQuerry Road in Grain Valley, Missouri. The 7.3 acre property is located inside the Grain Valley Marketplace development and was purchased for $9.25 million. Price Chopper (AWG) and Starbucks currently occupy the 60,000 square foot facility and both have long term leases under contract.
The building was constructed in 2017 by the seller, Star Development Corporation, whom Glasgow also represented during the build-to-suit phase that brought Price Chopper and Starbucks to the Grain Valley Marketplace
The Price Chopper/Starbucks features great visibility from Interstate 70 and is primely located in a rapidly expanding area of Grain Valley. Nearly every sector of real estate surrounds the property that include single and multifamily neighborhoods, hotels & entertainment venues, office and industrial facilities, and several retail establishments.
"This is one of the greatest properties in eastern Jackson County and I am happy to have been a part of crucial transactions that have enhanced the area including the long term lease with AWG" William Glasgow recently stated.
In January of 2020, Glasgow sold Lake City U-Store in Independence, Missouri for $10 million, a property that was previously owned by the new ownership of 1191 NE McQuerry Road. more about this deal
For more information on the sale transaction, please contact William Glasgow
Additional Block & Company Resources:Block & Company, Inc., Realtors Investment Brokerage InformationBlock & Company, Inc., Realtors Retail Brokerage InformationSign Up for My Block to unlock additional information**Please source and hyperlink this press release if cited**About Block & Company, Inc., RealtorsBlock & Company, Inc. Realtors is a full service commercial real estate company headquartered in Kansas City, Missouri since its inception in 1946. The firm's services include brokerage, development, investment, asset/property management, tenant representation, and corporate real estate services. Our commercial brokerage specializes in restaurant, retail, automotive, hotel, industrial, office, shopping center/development, commercial investments, asset/property management, and many other real estate services. With transactions extending to 187 cities in 35 states, Block & Company manages millions of square feet of retail, restaurant, office, and industrial space. Block & Company is proud to be known as one of the Midwest's premier full service real estate organizations, consistently ranked among the industry leaders by trade magazines, local business publications, and our industry peers.