1700 29Th St Kansas City, MO 64108

This exceptional investment opportunity presents the fee simple ownership (land and building) of a 6,002 square foot Carvana dealership in Kansas City, Missouri. The property boasts a strong 6.75% cap rate and a substantial net operating income (NOI) of $611,476. The absolute NNN lease with Carvana, a Fortune 500 company, extends to April 30, 2042, with four 5-year renewal options, ensuring long-term stability and predictable cash flow. Rent increases are tied to the lesser of 9.608413% or 1.25x CPI, providing inflation protection. Situated on a 1.22-acre lot with 46 parking spaces, the property is zoned for general commercial use and was built in 2019. Its prime location directly off Interstate 95 (97,700 vehicles per day) and near Southwest Boulevard (21,100 vehicles per day) offers exceptional visibility and accessibility. The property benefits from a dense retail corridor with strong national tenants and proximity to multiple apartment complexes, creating a robust consumer base. The 5-mile trade area boasts over 264,000 residents and 282,000 daytime employees, with an average household income exceeding $89,000. This turnkey investment requires zero landlord responsibilities, making it an ideal passive income opportunity. The property's parcel number is 29-920-20-08. The asking price is $9,059,000. 100% occupancy is currently maintained.