15902 Us Highway 24Independence, MO 64050

Property Details for 15902 Us Highway 24

Year built

2024

Lot size

0.92 AC

Property size (Sq ft)

2,553 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 2024-built Popeyes restaurant with a drive-thru, situated on a 0.92-acre lot in Independence, Missouri (64050). The 2,553 square foot property boasts a 20-year absolute NNN lease with a franchisee tenant, providing exceptional security and passive income. The lease includes a 10% rent increase every five years, ensuring consistent growth. Located at 15902 E US Hwy 24, this A-Class property benefits from high visibility and accessibility along a major thoroughfare with over 23,000 vehicles passing daily. The property's strategic location within a densely populated Kansas City suburb (over 108,000 residents within a 5-mile radius) ensures a strong customer base. Its proximity to numerous national retailers, including QuikTrip, Save-a-Lot, CVS, Walgreens, and Cosentino's, further enhances its appeal. The area also benefits from nearby schools, including William Chrisman High School, and major attractions such as Kauffman Stadium and Arrowhead Stadium, driving additional traffic and potential customers. The property offers a 5.75% cap rate and a net operating income (NOI) of $155,000, making it an attractive investment with significant long-term potential. The asking price is $2,695,652, translating to $1,055.88 per square foot.

Location Insight

City

Independence

County

Jackson

State

Missouri

Latitude

39.1159

Longitude

-94.3873

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