16912 23rd S St Independence, MO 64057
Property Lookup
Property profile & analytics
16912 23rd S St Independence, MO 64057
- Retail space
- 1,232 SF
- 0.93 lot acres
Property ID
US48-1469036
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 16912 23rd S St
- Year built
- 1957
- Construction
- WOOD
- Lot size
- 0.93 lot acres
- Property size
- 1,232 SF
- Property type
- Retail space
- APN
- 25-420-02-48
- APU
- 254200248
Description
This exceptional investment opportunity presents a 1,415 square-foot, single-tenant Take 5 Oil Change property located at 16912 East 23rd St S, Independence, MO 64057, within the Kansas City MSA. The property, built in 2024 and boasting 100% occupancy, sits on a 0.73-acre lot at a signalized intersection with over 65,000 vehicles passing daily. This absolute NNN lease offers a 15-year term with five 5-year renewal options and attractive 10% rent bumps every five years, ensuring consistent income growth. The property's strong financial performance is reflected in its 7.00% cap rate and $110,000 annual net operating income (NOI). The asking price is $1,571,429, translating to $1,110.55 per square foot. The tenant, Take 5 Oil Change, is a subsidiary of Driven Brands (NASDAQ: DRVN), a leading automotive services company with over 1,000 locations nationwide and significant expansion plans. The surrounding area features a robust mix of national retailers, including Price Chopper, Tractor Supply Company, Hy-Vee, ALDI, and many others, indicating a strong retail environment. Furthermore, the property benefits from a dense population base, with over 148,000 people residing within a five-mile radius and an average household income exceeding $81,764. This e-commerce resistant business model, coupled with the long-term lease and strategic location, makes this a compelling investment opportunity with significant potential for long-term returns. The operator, Driven Assets, has exclusive rights to operate in the Kansas City metro area and plans to open 16 additional locations.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Independence
- County
- Jackson
- State
- Missouri
- Longitude
- -94.3786
- Latitude
- 39.0784
- CBSA code
- 28140
- CBSA name
- KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,314
$34,144
$21,600
$55,744
-
$0.00
$0.00
$174,200
