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1523 W 89Th St Kansas City, MO 64114

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For Sale
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Entertainment property with strong performance and future development potential.

Lot size:
2.19 Acres

Property Features for 1523 W 89Th St

General Information

Lot size
2.19 Acres

Source: John Andreini Agent John Andreini

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Kansas City Entertainment Property For Sale

This property features over 4 years remaining on an absolute net lease, with 2.5% annual rental increases during the base term and 3% annual increases throughout the option period. The location is adjacent to Ward Parkway Center, a shopping center with over 550,000 square feet and 6.2 million annual visitors, ranking in the top 2% of Missouri shopping centers. The landlord retains an early termination right for future development. The unit demonstrates strong performance. The current rent is below market at $8.78 per square foot. In Missouri, the property ranks in the top 9% of attractions and the top 10% of leisure properties nationwide based on annual visits. The tenant operates a full bar with a 1 am liquor license and recently installed a new scoring and gaming system. The surrounding residential area is affluent, with average household incomes of $154,000 within a 1-mile radius.
Insight Report Location Intelligence

Current Use by Public Records

Custom Bowling Services Bowling Supply Shop Ward Parkway Lanes Bowling Alley

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Branches & Twigs Floral

Location Insight

  • Map
  • Local Demand
City
Kansas City
County
Platte
State
Missouri
Longitude
-94.6067038
Latitude
38.9666251

FAQs

What type of property is this?
Storefront property - Entertainment property with strong performance and future development potential.
Where is this storefront property located?
The property is located at 1523 W 89Th St Kansas City, MO.
What are key features of this property?
This property features: - Located in an affluent area with high average household incomes.; - Adjacent to Ward Parkway Center, a high-traffic shopping center (top 2% in Missouri).; - Absolute net lease with 4+ years remaining.
More about this property
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