5170 Oak Trfy Kansas City, MO 64118-4621

Property Details for 5170 Oak Trfy

Lot size

1.12 lot acres

Property type

Commercial real estate

APN

13-917-00-05-007-00

APU

13917000500700

Description

This exceptional investment opportunity presents a 2,853 square foot Verizon Wireless storefront located at 5170 N Oak Trafficway, Kansas City, MO 64118. Built in 2019, this single-tenant property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $110,295. The lease, with a remaining term of approximately 4.6 years, extends to June 30, 2029, and includes rent increases at each option period. Situated on a 1.12-acre lot, this outparcel to a Sam's Club enjoys exceptional visibility and accessibility along a major traffic artery with high daily vehicle counts (23,000). The property benefits from its location in a densely populated and affluent area, with over 158,000 residents and an average household income exceeding $80,000 within a 5-mile radius. The surrounding area includes numerous national retailers, business parks, and residential developments, contributing to a robust customer base. The tenant, Cellular Sales of Knoxville, is the largest Verizon Wireless franchisee in the United States, providing a strong corporate guaranty. This prime location offers easy access to downtown Kansas City and is near various schools, further enhancing its appeal. The asking price is $1,575,000, translating to a price per square foot of $552.05. This is a rare opportunity to acquire a high-quality, net-leased retail property with significant upside potential in a rapidly growing market.