5675 Bannister Rd Kansas City, MO 64137

Property Details for 5675 Bannister Rd

Year built

2023

Lot size

1.22 lot acres

Property size

4,200 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 4,200 square foot retail building in Kansas City, Missouri. Located at 5675 Bannister Rd, 64137, this Class A property boasts a 6.25% cap rate and a strong net operating income (NOI) of $180,180. The property is currently 100% occupied by Heartland Dental, LLC dba Hickman Mills Dental Care, under a triple-net (NN) lease with a corporate guarantee, providing minimal landlord responsibilities. The lease commenced February 11, 2024, and expires February 27, 2034, offering a remaining term of 9.7 years. Rent bumps are included in the lease, ensuring consistent income growth. The building, constructed in 2023, sits on a 1.22-acre lot and benefits from a transferable roof warranty. Its strategic location directly across from Oracle's 3.7 million square foot Cerner Innovation Campus, a $1 billion development housing approximately 16,000 employees, provides exceptional visibility and access to a large workforce. The property is situated on a highly trafficked road (Bannister Rd, 17,718 vehicles per day), with convenient access to Interstate 435 (85,000 VPD) and benefits from being near other national retailers such as Price Chopper, Home Depot, and several fast-food chains. The surrounding area boasts over 732,000 square feet of retail space within a one-mile radius. This is a rare opportunity to acquire a high-performing, low-maintenance asset with a creditworthy tenant and significant long-term growth potential. The asking price is $2,883,000.