8803 MO-45 Parkville, MO 64152

This is a rare opportunity to acquire a fee simple interest in a drive-thru, freestanding Dairy Queen property in Parkville, Missouri. The quick-service restaurant is a high-performing location with sales above the brand’s average unit volume. It features a new, long-term, absolute NNN lease with 10% rental increases every five years of the initial 20-year lease term and renewal options. The property sits on a 1.06-acre parcel fronting a grocery-anchored shopping center. The Dairy Queen location has frontage on Tom Watson Parkway (17,000+ VPD) and benefits from the traffic created by the adjacent Price Chopper grocery store and other retailers. Price Chopper has had over 1M visitors in the last 12 months. Parkville is an affluent community just 9 miles from downtown Kansas City. Within a 5-mile radius, the 98,000+ residents report an Average Household Income of over $116,000. The city expects the population counts to expand by 20% over the next 10 years. This Dairy Queen will directly service a new 340-unit townhome community under development just west of the subject property. Parkville is known for its antique shops, art galleries, and historic downtown. Park University is located in Parkville with a Fall 2022 undergraduate enrollment of 7,387. Platte County’s population has grown 20% since 2010. The property size is 2,332 square feet.