Rebuilt QuikTrip Gas
For Sale
Contact for pricing
5108 Northeast Vivion Road, Kansas City, MO 64119
Rebuilt in 2014 and backed by long-term occupancy, offering an established retail fueling operation.
Property Size5,931 SF
Price / SF$1,172
Days on Market113
Property Features for 5108 Northeast Vivion Road
General Information
Standard status
Active
Size
5,931 SF
Property subtype
Retail
Occupancy
97%
Lease Type
Absolute Net
Net Operating Income
$417,396
Additional Details
Business Included
Yes
Building Details
Year Built
2014
Year Renovated
2014
Tenancy
Single
Listing Agency:
JLL - New York City, New York
Listed By:
Alex Geanakos · License #IL: #475.189621
(212) 209-4506
Source:
Crexi
Added: May 15
Changed: Sep 4
Last Checked: Sep 1 at 8:01PM
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 JLL - New York City, New York
Investment Insights
Based on property information with market context.
Located at 5108 NE Vivion Rd in Kansas City, MO, this gas station property was initially constructed for QuikTrip in 1991. In 2014, the site was completely rebuilt to QuikTrip’s newer store format. The asset is offered with a recent 10-year lease extension and reflects 34+ years of successful occupancy. Total retail area is listed at 5,931 square feet.
The property sits about one mile from Antioch Crossing Shopping Center, which features nationally recognized tenants including Walmart, Burlington, and Starbucks. The surrounding trade area includes 16.2 MSF of retail within a three-mile radius, with a reported 97.1% occupancy rate.
For buyers and tenants evaluating a fueling-focused investment, the current structure is supported by the long operating history and the newly extended term. The lease framework also includes rent increases scheduled every five years, which can help support predictable income over time. The combination of a rebuilt site, extended lease duration, and established occupancy history is intended to appeal to investors seeking a stabilized retail operation.
The property sits about one mile from Antioch Crossing Shopping Center, which features nationally recognized tenants including Walmart, Burlington, and Starbucks. The surrounding trade area includes 16.2 MSF of retail within a three-mile radius, with a reported 97.1% occupancy rate.
For buyers and tenants evaluating a fueling-focused investment, the current structure is supported by the long operating history and the newly extended term. The lease framework also includes rent increases scheduled every five years, which can help support predictable income over time. The combination of a rebuilt site, extended lease duration, and established occupancy history is intended to appeal to investors seeking a stabilized retail operation.
Key Highlights
- Rebuilt in 2014 to QuikTrip’s new store format; originally constructed for QuikTrip in 1991
- Recent 10‑year lease extension with 34+ years of successful occupancy
- 16.2 MSF retail fueling operation in an infill location within a 3‑mile radius showing 97.1% occupancy
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
$255,175
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
3.67%
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%
$5,103,500
$5.1M
Cap Rate 7%
$3,645,357
$3.6M
Cap Rate 9%
$2,835,278
$2.8M
Market Conditions
NOI Build-Up for 5,931 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
$385.8K $65.04/SF
− Vacancy
−$21.2K −$3.58/SF
EGI
$364.5K $61.46/SF
− OpEx
−$109.4K −$18.44/SF
NOI
$255.2K $43.02/SF
Area
ZIP 64119
Vacancy
5.50%
Lease Rate
$65.04 /SF/Yr
Expense Ratio
30.00%
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%
$5,103,500
Cap Rate 7%
$3,645,357
Cap Rate 9%
$2,835,278
Alternative Uses
Best Use
Industrial
$3.65M
$3.19M – $4.25M
NOI $255,175 @ 7.0% cap · market cap 3.67%
Second Best
Specialty Retail
$857.4K
$750.2K – $1.00M
NOI $60,018 @ 7.0% cap · market cap 0.86%
Theoretical Best
Warehouse
$4.43M
$3.87M – $5.16M
NOI $309,855 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
97.1%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
87k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 29%
Home Improvements & Furnishings 7%
QuikTrip
Shops & Services
42,478 visits/mo
0.0 miles
SONIC Drive In
Dining
15,673 visits/mo
0.1 miles
Dollar General
Shops & Services
6,411 visits/mo
0.2 miles
Church's Chicken
Dining
5,961 visits/mo
0.3 miles
Westlake Ace Hardware
Home Improvements & Furnishings
5,862 visits/mo
0.1 miles
Demographics for 64119, MO
30,865
Population
13,515
Households
2.3
Avg Household Size
39
Median Age
32%
College-Educated
94%
High-School Grad
14.5 sq mi
ZIP Area
2,129
Density / Sq Mi
$79,871
Median Household Income
$45,801
Median Earnings
$1,259
Median Rent
$216,300
Median Home Value
Market
Vacancy Rate% for Retail in Kansas City, MO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Rebuilt in 2014 and backed by long-term occupancy, offering an established retail fueling operation.
Where is this gas station located?
The property is located at 5108 Northeast Vivion Road Kansas City, MO.
What is the asking price?
The asking price for this property is $6,956,000.
What are key features of this property?
This property features: Rebuilt in 2014 to QuikTrip’s new store format; originally constructed for QuikTrip in 1991; Recent 10‑year lease extension with 34+ years of successful occupancy; 16.2 MSF retail fueling operation in an infill location within a 3‑mile radius showing 97.1% occupancy
