1348 Noland Rd, Independence, MO 64055-1328
- Turn key restaurants
- 1,852 SF
- 0.60 lot acres
Current Use by Public Records
- Abelardo's Mexican Fresh / Restaurant
- Direct Auto Insurance Agency / Insurance Agency
Property Details for 1348 Noland Rd
- Year built
- 1984
- Construction
- WOOD
- Lot size
- 0.60 lot acres
- Property type
- Turn key restaurants
- APN
- 26-530-15-30
- APU
- 265301530
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 7, 2023 | — | Belt Investors LLC | Papus LLC | Special Warranty Deed | $700k · Bison State Bank |
| Oct 6, 2020 | — | Papus LLC | Vision Bk | Grant Deed | $360k · Vision Bk |
| May 26, 2020 | — | Vision Bk | Independence Smoke LLC | Quit Claim Deed · related | — |
| Jan 30, 2015 | — | Independence Smoke LLC | 1348 S Noland LLC | Grant Deed | $432k · Vision Bk |
| Dec 19, 2003 | — | 1348 S Noland LLC | Taco Bell Of America INC | Grant Deed | $172k · Csb Bank |
| — | — | Independence Smoke LLC | — | Loan Modification · related | $588k · Vision Bk |
Description
This exceptional investment opportunity presents a 3,281 square foot, single-tenant, absolute triple-net (NNN) leased property located at 1348 S Noland Rd, Independence, MO 64055. The property, built in 1984 and renovated in 2023, sits on a 0.61-acre lot and boasts a thriving Abelardo's Mexican Fresh restaurant, a growing brand with over 60 locations. The current lease, commencing November 1, 2023, and expiring October 31, 2038, offers a substantial 14-year remaining term with two five-year renewal options. The tenant, backed by a corporate guarantee, enjoys 100% occupancy, generating a strong net operating income (NOI) of $90,000 and a compelling 7.15% cap rate. The lease includes 10% rent bumps every five years, ensuring consistent income growth. Key property features include a drive-thru, patio, ample parking, and a pylon sign. The property benefits from a high-traffic location in a strong retail corridor, adjacent to established national brands like KFC, McDonald's, QuikTrip, and Taco Bell, with over 22,000 vehicles passing daily. This is a truly passive investment opportunity with zero landlord responsibilities, offering significant long-term returns. The asking price is $1,258,741. The property is classified as Class B retail, with a single story building.
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Location Insight
- Map
- Local Demand
- City
- Independence
- County
- Jackson
- State
- Missouri
- Longitude
- -94.4144
- Latitude
- 39.076
- CBSA code
- 28140
- CBSA name
- KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
