Valvoline Auto Service
610 NW Chipman Road, Lees Summit, MO 64086
For Sale
Contact for pricing
A newly built, single-tenant facility is subject to an absolute NNN ground lease with scheduled rent increases.
Property SizeContact for details
Days on Market28
Property Features for 610 NW Chipman Road
General Information
Standard status
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Tenancy & Operations
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Additional Details
Automotive Uses
Building Details
Tenancy
Listing Agency:
Hanley Investment Group
Listed By:
Jeff Lefko · License #CA 01942025
(949) 585-7682
Source:
Crexi
Added: Oct 13
Changed: Nov 8
Last Checked: Nov 8 at 4:17PM
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 Hanley Investment Group
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Investment Insights
Based on property information with market context.
This newly constructed Valvoline Instant Oil Change property is configured for a single corporate tenant and is leased under an absolute NNN ground lease. The initial lease term is 15 years, with four additional 5-year options. Rent increases 10% every 5 years during the initial term and each option period. The lease structure assigns no landlord responsibilities, as described in the property information.
The site is adjacent to Summit Orchards, a power center with Aldi, Ross, HomeGoods, Five Below and other retailers. U.S. 50, reported at 117,000 CPD, and I-470, at 78,000 CPD, provide access toward Downtown Kansas City. Three nearby apartment developments—the Donovan, Summit Square and The Trilogy—contain 326, 308 and 323 units, respectively. The one-million-square-foot Summit Technology Campus is nearby, while St. Luke’s East Hospital Campus is 1.5 miles away.
The site is adjacent to Summit Orchards, a power center with Aldi, Ross, HomeGoods, Five Below and other retailers. U.S. 50, reported at 117,000 CPD, and I-470, at 78,000 CPD, provide access toward Downtown Kansas City. Three nearby apartment developments—the Donovan, Summit Square and The Trilogy—contain 326, 308 and 323 units, respectively. The one-million-square-foot Summit Technology Campus is nearby, while St. Luke’s East Hospital Campus is 1.5 miles away.
Key Highlights
- New construction leased to Valvoline Instant Oil Change on an absolute NNN ground lease
- 15‑year initial term with four 5‑year options; 10% increases every 5 years
- Adjacent to Summit Orchards, anchored by Aldi, Ross, HomeGoods and Five Below; 3.2 million annual visits
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
321k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 27%
Groceries 10%
Home Improvements & Furnishings 9%
Five Below
Shops & Services
40,417 visits/mo
0.1 miles
McDonald's
Dining
37,276 visits/mo
0.3 miles
Aldi
Groceries
31,683 visits/mo
0.1 miles
HomeGoods
Home Improvements & Furnishings
27,634 visits/mo
0.1 miles
Sunoco
Shops & Services
26,291 visits/mo
0.1 miles
Demographics for 64086, MO
23,957
Population
9,992
Households
2.4
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
37.8 sq mi
ZIP Area
634
Density / Sq Mi
$107,098
Median Household Income
$56,470
Median Earnings
$1,417
Median Rent
$288,400
Median Home Value
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Market
Properties on Market for Auto shops in Jackson County
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Midwest Auto Clinic — 190 NW Oldham Pkwy, Lee's Summit, MO 64081
- Good Year — 190 nw oldham pkwy, lee's summit, mo 64081
- Telle Tire & Auto Centers Lee's Summit West — 190 NW Oldham Pkwy, Lee's Summit, MO 64081
- Drive Fast Auto Body — 505 NW Blue Pkwy, Lee's Summit, MO 64063
- Don Kahan Collision & Glass — 505 NW Blue Pkwy, Lee's Summit, MO 64063
Frequently Asked Questions
What type of property is this?
Auto shop - A newly built, single-tenant facility is subject to an absolute NNN ground lease with scheduled rent increases.
Where is this auto shop located?
The property is located at 610 NW Chipman Road Lees Summit, MO.
What is the asking price?
The asking price for this property is $2,190,000.
What are key features of this property?
This property features: New construction leased to Valvoline Instant Oil Change on an absolute NNN ground lease; 15‑year initial term with four 5‑year options; 10% increases every 5 years; Adjacent to Summit Orchards, anchored by Aldi, Ross, HomeGoods and Five Below; 3.2 million annual visits
