1901 63Rd St Kansas City, KS 66104
- Day care centers
- 6,000 SF
Current Use by Public Records
- Day care centers
Property Details for 1901 63Rd St
- Year built
- 2004
- Property size
- 6,000 SF
- Property type
- Day care centers
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a 6,000 square foot daycare center in Kansas City, Kansas, located at 1901 N 63rd St, 66104. Built in 2004, the property boasts a strong 100% occupancy rate under a Net Lease (NN) agreement with a single tenant. The current lease has a remaining term of 2 years, with a 5-year extension option. The asking price is $795,000, yielding an attractive 8.64% cap rate based on a current Net Operating Income (NOI) of $68,682. This property offers a stable income stream with minimal landlord responsibilities. Situated on a major corridor, the daycare center benefits from high visibility and convenient access. The lease includes scheduled rent increases, further enhancing the investment's long-term value. This is a prime retail investment opportunity, strategically positioned for growth and offering a secure return in a thriving location. The property is classified as retail, with a daycare/nursery subtype. The investment type is a net lease with a five-year initial lease term.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Wyandotte
- State
- Kansas
- Longitude
- -94.7262
- Latitude
- 39.1287
