Buffalo Wild Wings NNN
For Sale
Contact for pricing
20110 East Jackson Drive, Independence, MO 64057
Restaurant property with a 10-year NNN lease extension.
Property Size5,272 SF
Price / SF$482.83
Days on Market9
Property Features for 20110 East Jackson Drive
General Information
Standard status
Active
Size
5,272 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$159,093
Additional Details
Highway Access
Yes
Building Details
Year Built
2004
Units
1
Tenancy
Single
Listing Agency:
Highland Capital
Listed By:
Wyatt Woeltje · License #TN 341355
Source:
Crexi
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 10 at 12:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Highland Capital
Investment Insights
Based on property information with market context.
This Buffalo Wild Wings restaurant property contains 5,272 square feet and was built in 2004. The offering includes the fee simple interest and is subject to an NNN lease with a 10-year extension that began January 1, 2026.
The property is located at 20110 East Jackson Drive in Independence, Missouri, within the Kansas City MSA. Its position along a main thoroughfare near I-70 provides access to the surrounding Independence area and regional transportation network.
The property is located at 20110 East Jackson Drive in Independence, Missouri, within the Kansas City MSA. Its position along a main thoroughfare near I-70 provides access to the surrounding Independence area and regional transportation network.
Key Highlights
- Buffalo Wild Wings restaurant property with fee simple interest
- 5,272‑square‑foot restaurant building constructed in 2004
- 10 year NNN lease extension commenced January 1, 2026
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,880
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,457,600
$1.5M
Cap Rate 7%
$1,041,143
$1.0M
Cap Rate 9%
$809,778
$809.8K
Market Conditions
NOI Build-Up for 5,272 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$101.2K $19.20/SF
− Vacancy
−$4.0K −$0.77/SF
EGI
$97.2K $18.43/SF
− OpEx
−$24.3K −$4.61/SF
NOI
$72.9K $13.82/SF
Area
Independence, MO
Vacancy
4.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,457,600
Cap Rate 7%
$1,041,143
Cap Rate 9%
$809,778
Alternative Uses
Best Use
Specialty Retail
$1.04M
$911.0K – $1.21M
NOI $72,880 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,067 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
315k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 24%
Home Improvements & Furnishings 24%
Hotels & Casinos 4%
Menards
Home Improvements & Furnishings
57,394 visits/mo
0.2 miles
QuikTrip
Shops & Services
56,271 visits/mo
0.1 miles
Culver's
Dining
28,844 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
21,169 visits/mo
0.2 miles
Black Bear Diner
Dining
19,768 visits/mo
0.0 miles
Demographics for 64057, MO
14,830
Population
6,652
Households
2.2
Avg Household Size
44
Median Age
29%
College-Educated
94%
High-School Grad
14.7 sq mi
ZIP Area
1,009
Density / Sq Mi
$71,441
Median Household Income
$44,391
Median Earnings
$1,139
Median Rent
$235,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with a 10-year NNN lease extension.
Where is this conventional restaurant located?
The property is located at 20110 East Jackson Drive Independence, MO.
What is the asking price?
The asking price for this property is $2,545,488.
What are key features of this property?
This property features: Buffalo Wild Wings restaurant property with fee simple interest; 5,272‑square‑foot restaurant building constructed in 2004; 10 year NNN lease extension commenced January 1, 2026
