8530 Oak TrfyKansas City, MO 64155

For Sale
$2,722,608
High-performing, 20-year NNN lease

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a fee-simple interest (land and building) in a thriving Dairy Queen drive-thru restaurant located at 8530 N Oak Trafficway, Kansas City, MO 64155. Boasting a prime hard-corner location on a 2.22-acre parcel, this property benefits from high visibility and accessibility on a major retail corridor with a signalized intersection. The 3,900 square foot building, constructed in 2018, is currently operating at 100% occupancy under a 20-year absolute NNN lease with four 5-year renewal options. The lease includes a favorable 10% rent increase every five years, providing significant long-term growth potential. The property features 45 parking spaces and is situated near a high-traffic grocery-anchored shopping center, including a Price Chopper ranked among the top three nationwide in visitor count. This location is strategically positioned only ten miles from downtown Kansas City, within a densely populated area with an average household income of $90,628 within a 5-mile radius. The property's strong performance, exceeding brand average unit volume, coupled with the long-term lease and prime location, makes it an attractive investment with a 5.75% cap rate and a Net Operating Income (NOI) of $156,550. The property is zoned for commercial use and has an APN of 13313000901401. This is a rare opportunity to acquire a high-performing, stable investment in a rapidly growing area. The asking price is $2,722,608, representing a price per square foot of $698.10.

Highlights

  • Dairy Queen drive-thru restaurant in Kansas City, MO.
  • 20-year absolute NNN lease with four 5-year options and 10% rent increases every five years.
  • High-performing location exceeding brand average unit volume.
  • Freestanding, hard-corner location at a signalized intersection on a 2.22-acre parcel.
  • Adjacent to a top-3 nationally visited Price Chopper grocery store.
  • Located 10 miles from downtown Kansas City, in a high-income area ($90,628 average household income within a 5-mile radius).

Property Details for 8530 Oak Trfy

Property type
Retail properties, Restaurants
Square Feet
3,900 SF
Year Built
2018
Buildings
1
Lot Size (sq. ft)
96,703 SF

Location Insight

City
Kansas City
County
Clay
State
Missouri
Latitude
39.248541456958
Longitude
-94.576297900399
8530 Oak Trfy, Kansas City, Missouri

FAQs

What type of property is this?
Retail property - High-performing, 20-year NNN lease
Where is the retail property located?
The property is located at 8530 Oak Trfy Kansas City, MO.
What is the asking price?
The asking price for this property is $2,722,608.
What are key features of this property?
This property features: Dairy Queen drive-thru restaurant in Kansas City, MO.; 20-year absolute NNN lease with four 5-year options and 10% rent increases every five years.; High-performing location exceeding brand average unit volume.
How can I contact the broker?
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8530 Oak Trfy
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