1221 Coronado dr - Restaurant FOR SALE


Blue Springs, MO 64014
$2,703,000 USD
626-354-0298
1221 Coronado dr, Blue Springs, MO for Sale
$2,703,000 USD
Restaurant - FOR SALE
1/8
null | 6% Cap Rate

1221 Coronado dr
Blue Springs, MO 64014


HIGHLIGHTS

  • Brand New, Long-Term Net Lease - Newly Executed 15-Year Net Lease
  • Top 3% Shopping Center in USA - Adams Dairy Landing Receives 2.9M Visitors Annually - per Placer
  • Strong Foot Traffic & Visibility - Prime Retail Frontage Along Interstate 70 with Visibility to 53,000+ VPD
  • Major Anchor Tenancy - Target, Home Depot and Walmart Drive Foot Traffic and Retail Demand
  • No Developable Parcels remaining - The Subject Property Appears to be the Final Remaining Full Interstate Facing Developable Parcel in the Center
  • New BTS Construction - Brand New Construction Built to Tenant’s Specs Comes with New Warranties and Alleviates Buyer Concern Over Structure

OVERVIEW

Pegasus Investments Real Estate Advisory, as exclusive representatives for the Seller, is pleased to offer a newly constructed McAlister’s Deli located in Kansas City (Blue Springs), Missouri (the “Property”). This brand-new asset is secured by a 15-year net lease with Southern Rock Restaurants, LLC, McAlister’s largest franchisee, operating over 155 locations nationwide. Built in 2025, the fee simple offering features a 3,528-square-foot structure on approximately one acre and was constructed to the tenant’s specifications. The new construction comes with full warranties, alleviating concerns about near-term capital expenditures and offering long-term peace of mind for investors. The lease includes 10% rent increases every five years and three five-year renewal options, delivering both income stability and built-in growth potential. Strategically located as an outparcel to Adams Dairy Landing, one of the top 3% most visited shopping centers in the U.S. (per Placer.ai), the Property benefits from exceptional visibility and foot traffic. The center draws nearly 3 million annual visitors and features powerhouse national anchors including Target, Home Depot, and Walmart. The site also boasts co-tenancy with other top-tier retailers such as Chick-fil-A, Raising Cane’s, Texas Roadhouse, TJ Maxx, Ulta, Michaels, Ross, Five Below, and Kohl’s. Located just off Exit 45 of Highway 70, the primary east-west artery through the Kansas City metro, the Property enjoys immediate access to one of Missouri’s most heavily traveled corridors. With what appears to be the final remaining interstate-facing development parcel in the center, this offering combines premium real estate fundamentals with the security of a top-performing franchisee tenant. The Kansas City metropolitan area, encompassing parts of Missouri and Kansas, has experienced significant economic growth and diversification in recent years. The federal government stands as the region’s largest employer, hosting over 146 agencies, including a major Internal Revenue Service center and the Federal Reserve Bank of Kansas City. Major private employers headquartered in the area include H&R Block, Hallmark Cards, Cerner, and Honeywell, contributing to a robust job market. Population growth has been evident in the east suburbs, particularly in Blue Springs and surrounding areas like Lee’s Summit and Independence. These communities have seen an influx of new residents, drawn by affordable housing and proximity to downtown Kansas City. The demand for residential and commercial properties has led to increased commercial real estate investments, with new developments and redevelopment projects occurring along major corridors like U.S. Route 40 and I-70. Major employers in the east suburbs include Truman Medical Centers, the CenterPoint Medical Center, and several regional distribution hubs.

FOR SALE DETAILS

PRICE

$2,703,000 USD

PRICE/SF

$783 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brand New 15-Year Net Leased McAlister's Deli

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

Commercial

APN/PARCEL ID

36-500-04-52-00-0-00-000

ASK ABOUT THIS PROPERTY

Tony VeillerPegasus InvestmentsMore Info
626-354-0298

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Tony VeillerPegasus InvestmentsMore Info
626-354-0298

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.