8803 MO-45 - Fast Food FOR SALE


Parkville, MO 64152
$2,400,000 USD
949-221-1814
8803 MO-45, Parkville, MO for Sale
$2,400,000 USD
Fast Food - FOR SALE
1/11
null | 5.75% Cap Rate

8803 MO-45
Parkville, MO 64152


HIGHLIGHTS

  • HIGH-PERFORMING, DRIVE-THRU DAIRY QUEEN RESTAURANT
  • 20 YEAR ABSOLUTE NNN LEASE
  • AFFLUENT AND DESIRABLE SUBURB OF KANSAS CITY
  • LARGE OUTPARCEL TO TOP VISITED GROCERY-ANCHORED SHOPPING CENTER
  • DENSE TRADE AREA WITH NEW RESIDENTIAL COMMUNITIES UNDER DEVELOPMENT

OVERVIEW

MISSOURI BROKER OF RECORD....GOLDMAN INVESTMENT ADVISORS....License No. CO0000311 Faris Lee Investments is pleased to present the rare opportunity to acquire fee simple interest (Land & Building) in a drive-thru, freestanding Dairy Queen property in affluent Parkville, Missouri. This quick-service restaurant is a high-performing location for the brand with sales above the brand’s average unit volume, and features a brand new, long-term, Absolute NNN lease with 10% rental increases every five years of the initial 20-year lease term and renewal options. This long-term lease provides additional security and stability for an investor. The drive-thru restaurant also sits on a large 1.06-acre parcel fronting a grocery-anchored shopping center, making it a highly attractive investment property. This Dairy Queen location in Parkville MO has frontage on Tom Watson Parkway (17,000+ VPD) and benefits from the traffic created by the Price Chopper grocery store, adjacent retailers, and community drivers. Price Chopper has had over 1M visitors in the last 12 months (Placer.ai) and ranks as the #6 most-visited location in the grocery chain. Parkville is an affluent community just 9 miles from downtown Kansas City, and known for its highly rated Park Hill School District. Within a 5-mile radius, the 98,000+ residents report an impressive Average Household Income of over $116,000. Parkville is growing rapidly, as the city expects the population counts to expand by 20% over the next 10 years. Additionally, this Dairy Queen will directly service a new 340-unit townhome community under development just west of the subject property.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$1,029 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dairy Queen

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,322 SF

ZONING

Commercial

APN/PARCEL ID

20-70-26-100-002-003-000

ASK ABOUT THIS PROPERTY

Hunter SteffienFaris Lee InvestmentsMore Info
949-221-1814

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Hunter SteffienFaris Lee InvestmentsMore Info
949-221-1814

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