19700 Valley View PkwyIndependence, MO 64057

Property Details for 19700 Valley View Pkwy

Year built

2003

Construction

WOOD

Lot size

1.65 AC

Property size (Sq ft)

6,000 SF

Property type

Turn key restaurants

APN

34-620-01-08

APU

346200108

Description

This exceptional restaurant property, located at 19700 Valley View Parkway in Independence, Missouri, presents a lucrative investment opportunity. The 6,269 square foot building sits on a sizable 1.65-acre lot, offering ample space and excellent visibility. Currently operating under a seven-year lease (commencing in 2023) with two five-year options, this property boasts a strong 6.46% cap rate, making it an attractive addition to any portfolio. All fixtures, furniture, and equipment are included in the sale price of $1,650,000. The property benefits from its strategic location across from the Independence Events Center, a significant regional draw, and is surrounded by a thriving retail environment including Independence Center Mall and numerous major shopping and dining destinations. Nearby tenants include a diverse range of national retailers such as Bass Pro Shops, Costco, Lowe's, CarMax, Hobby Lobby, Best Buy, Menard's, Macy's, Dick's Sporting Goods, Walmart Supercenter, Target, PetSmart, Sam's Club, Dillard's, Starbucks, and AMC Theatres, ensuring high traffic counts and strong demographics. The property also features excellent visibility and signage to I-70 and a large parking lot, providing convenient access for patrons. This turnkey operation offers a rare opportunity to acquire a well-established restaurant in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,653,291

  6.5%

  $1,526,115

  7%

  $1,417,107

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,081,534

  Geo Method

  $1,081,534

• Alternative Use

  Use

  Valuation

  Residential

  $1,287,335

  Hospitality

  $1,179,192

  Educational

  $981,074

  Medical

  $1,014,814

  Retail

  $1,526,115

Location Insight

City

Independence

County

Jackson

State

Missouri

Latitude

39.0391

Longitude

-94.3484

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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