3630-3236 Main St Kansas City, MO 64111
- Retail properties
- 1.02 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3630-3236 Main St
- Year built
- 2024
- Lot size
- 1.02 lot acres
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 15,440 square foot single-tenant storefront located at 3630-3236 Main Street, Kansas City, MO 64111. The property sits on a 1.02-acre lot and boasts a new 11-year NNN lease with Goodwill, a nationally recognized non-profit organization, commencing September 1, 2024, and expiring August 31, 2035. The lease includes a rare 2% annual rent increase starting September 2025, significantly enhancing the property's long-term value and projected cap rate. The current Net Operating Income (NOI) is $262,480, yielding a 6.25% cap rate at an asking price of $4,195,000. Goodwill is responsible for all property maintenance, including parking lot upkeep. This prime Midtown Kansas City location benefits from its proximity to the Country Club Plaza, Downtown, and vibrant entertainment districts. The property is situated along Main Street, the future site of a streetcar expansion, further enhancing its accessibility and desirability. The area demonstrates robust growth, with a substantial daytime population and projected household growth within a 5-mile radius. The property's strategic location, coupled with the strength of the tenant and lease terms, presents a compelling investment opportunity with significant bonus depreciation potential (consult your tax professional). The property's APN is 0-220-12-31. The building was constructed in 2024.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Jackson
- State
- Missouri
- Longitude
- -94.5859
- Latitude
- 39.0608
