19821 E Jackson Dr - Restaurant FOR SALE


Independence, MO 64057
$3,879,000 USD
480-718-5555
19821 E Jackson Dr, Independence, MO for Sale
$3,879,000 USD
Restaurant - FOR SALE
1/10
null | 7.75% Cap Rate

19821 E Jackson Dr
Independence, MO 64057


HIGHLIGHTS

  • 4 years remaining on initial 15-year Absolute NNN lease with ATTRACTIVE CPI rental escalations every 5 years!
  • Well-positioned on a large ±1.66-acre lot (pad site to a 222,000 SF power center) – just minutes from Independence Center
  • Offering excellent visibility north of I-70, with impressive traffic counts of 109,462 CPD!
  • Total Population (5MI): 127,164 | Average Household Income (1MI): $106,008

OVERVIEW

Twin Peaks has 4 years remaining on initial 15-year Absolute NNN lease with ATTRACTIVE CPI rental escalations every 5 years! In addition to Base Rent, Tenant is to pay 5% of Gross Sales above the natural breakpoint. The Tenant, B3 Lodge II, LLC owns & operates five Twin Peaks locations in Kansas City & Wichita. 3B Lodge is comprised of brothers (Personal Guarantors) Brent & Brad Steven, who serve as Chief Executive Office & Chief Operating Officer, along with Brian Carduff, the group’s Chief Financial Officer. All three are from the Midwest & have experience working in various restaurant, sports and entertainment ventures. The Asset is Well-positioned on a large ±1.66-acre lot (pad site to a 222,000 SF power center) – just minutes from Independence Center (1,000,000+ SF super regional shopping mall), Costco, Walmart, Sam’s Club, Target, Bass Pro Shops & Lowe’s. Offering excellent visibility north of I-70, with impressive traffic counts of 109,462 CPD! Nearby major retailers include Costco, Bass Pro Shops, Walmart, Target, Sam’s Club, Menards, Lowe’s, Hobby Lobby, Kohl’s, Ross, Marshalls, Shoe Carnival, World Market, Ulta Beauty, Best Buy, PetSmart, Petco, Five Below, ALDI, Hy-Vee, Price Chopper, Cash Saver, Tractor Supply, Harbor Freight, Half Price Books, Guitar Center, and AMC Theatres. It is 4 miles from Metropolitan Community College (MCC) Blue River – this campus is home to the Public Safety Institute, which includes programs for fire & police academies, as well as other vocational & academic programs serving 825 students; Less than 1 mile from Centerpoint Medical Center – featuring 285 beds, state-of-the-art equipment & technology, providing Level II Trauma Center, Chest Pain Center, Stroke Center & much more.

FOR SALE DETAILS

PRICE

$3,879,000 USD

PRICE/SF

$570 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TWIN PEAKS (HIGH VOLUME STORE) - INDEPENDENCE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bank, Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,493 SF

ZONING

Commercial

APN/PARCEL ID

34-100-03-24-00-0-00-000

ASK ABOUT THIS PROPERTY

Kendall CarlsenCommercial Investment Advisors, INCMore Info
480-718-5555

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Kendall CarlsenCommercial Investment Advisors, INCMore Info
480-718-5555

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