15902 Us Highway 24 Independence, MO 64050
- Retail space
- 2,553 SF
- 0.92 lot acres
Current Use by Public Records
- Retail space
Property Details for 15902 Us Highway 24
- Year built
- 2024
- Lot size
- 0.92 lot acres
- Property size
- 2,553 SF
- Property type
- Retail space
- Property subtype
- Storefront 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.
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
- Independence
- County
- Jackson
- State
- Missouri
- Longitude
- -94.3873289
- Latitude
- 39.1158891
