For Sale
$4,195,000

3630-3236 Main St Kansas City, MO 64111

High-growth area; strong NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a 15,440 square foot single-tenant storefront located at 3630-3236 Main Street, Kansas City, MO 64111. The property sits on a 1.02-acre lot and boasts a new 11-year NNN lease with Goodwill, a nationally recognized non-profit organization, commencing September 1, 2024, and expiring August 31, 2035. The lease includes a rare 2% annual rent increase starting September 2025, significantly enhancing the property's long-term value and projected cap rate. The current Net Operating Income (NOI) is $262,480, yielding a 6.25% cap rate at an asking price of $4,195,000. Goodwill is responsible for all property maintenance, including parking lot upkeep. This prime Midtown Kansas City location benefits from its proximity to the Country Club Plaza, Downtown, and vibrant entertainment districts. The property is situated along Main Street, the future site of a streetcar expansion, further enhancing its accessibility and desirability. The area demonstrates robust growth, with a substantial daytime population and projected household growth within a 5-mile radius. The property's strategic location, coupled with the strength of the tenant and lease terms, presents a compelling investment opportunity with significant bonus depreciation potential (consult your tax professional). The property's APN is 0-220-12-31. The building was constructed in 2024.

Highlights

  • New 11-year NNN lease with Goodwill, a national nonprofit organization.
  • Rare 2% annual rent increases.
  • Goodwill responsible for all property maintenance, including parking lot.
  • Strong tenant with extensive retail network and online presence.
  • Significant bonus depreciation potential (consult your tax advisor).
  • Prime Midtown Kansas City location, near Country Club Plaza, Downtown, and entertainment districts.

Property Details for 3630-3236 Main St

Property type
Retail properties, Retail space
Year Built
2024
Lot Size (sq. ft)
44,431 SF

Location Insight

City
Kansas City
County
Jackson
State
Missouri
Latitude
39.060844791285
Longitude
-94.585946923785
3630-3236 Main St, Kansas City, Missouri

FAQs

What type of property is this?
Retail property - High-growth area; strong NNN lease.
Where is the retail property located?
The property is located at 3630-3236 Main St Kansas City, MO.
What is the asking price?
The asking price for this property is $4,195,000.
What are key features of this property?
This property features: New 11-year NNN lease with Goodwill, a national nonprofit organization.; Rare 2% annual rent increases.; Goodwill responsible for all property maintenance, including parking lot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3630-3236 Main St
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