Discover an exceptional turnkey retail investment at 700 S Kansas Avenue. Fully occupied by Applebee’s on an absolute NNN lease, this rare offer delivers a low-maintenance acquisition with no landlord responsibilities and impressive, stable revenue.
700 S Kansas Avenue represents a long-standing location for a major franchisee with 32 total locations under its umbrella. Applebee’s has been at the property since 2009 and has recently completed renovations, demonstrating its commitment to the location. The favorable NNN lease agreement has 2.5 years remaining on the current agreement, with four options to renew for five years at market rents. Offered at an attractive 10.79% cap rate, the property generates a robust net operating income of $140,273.
Enjoying some of the highest traffic counts in the area, 700 S Kansas Avenue is strategically placed just off the intersection of Highways 7, 52, and 18. More than 15,000 vehicles pass through this signalized intersection each day, providing strong exposure to local and regional customers. The property is ideally situated to handle this elevated traffic, with two access points and on-site parking for 90 vehicles.
Clinton serves as a vital halfway point for travelers from Kansas City visiting Lake of the Ozarks, which attracts an estimated 5 million annual visitors, offering consistent demand for accessible dining options along Highway 7. Applebee’s is the only national full-service restaurant within this established retail hub, making it a popular choice for travelers. There is also a significant built-in audience of potential customers thanks to adjacent hotels, the Parkfield Inn and Hampton Inn by Hilton, with a combined 125 guest rooms.
Don’t pass up this chance to secure a high-yield retail investment that combines a low-maintenance NNN lease with a national credit tenant and a highly visible location off Clinton’s busiest intersection at 700 S Kansas Avenue. Reach out to the Platinum Realty team today to learn more about this incredible opportunity.