$3,450,000 USD
650-678-7200
1523 W 89th St
Kansas City, MO 64114
Western Hills
HIGHLIGHTS
- 4+ years remaining on absolute net lease
- 2.5% annual rental increases throughout the base term, which increases to 3% throughout the option period
- Covered land play - landlord has early termination right for future development
- Very strong unit level performance (ask Agent for more details)
- Below market rent – $8.78/SF
- Ranks in the top 9% of “attractions” in the state of Missouri and top 10% of “leisure” properties nationwide in terms of annual visits (per Placer.ai)
OVERVIEW
4+ years remaining on an absolute net lease featuring 2.5% annual rental increases throughout the base term and 3% annual increases throughout the option period. The subject property is located adjacent to Ward Parkway Center – a 550,000+ SF shopping center with 6.2M annual visitors, which ranks in the top 2% of all shopping centers in Missouri (per Placer.ai).
FOR SALE DETAILS
PRICE
$3,450,000 USD
PRICE/SF
$163 USD /SF
CAP RATE
6.47%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Ward Parkway Lanes
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bowling Alley
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1959
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.2 AC
LAND SF
95,832 SF
ZONING
-
APN/PARCEL ID
48-330-02-13-00-0-00-000
ASK ABOUT THIS PROPERTY
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650-678-7200
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Please correct the highlighted field(s).
650-678-7200
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
