8530 N Oak Trfy Kansas City, MO 64155

Property Details for 8530 N Oak Trfy

Lot size

2.22 lot acres

Property type

Commercial real estate

APN

13-313-00-09-014-01

APU

13313000901401

Description

This exceptional investment opportunity presents a fee-simple interest (land and building) in a thriving Dairy Queen drive-thru restaurant located at 8530 N Oak Trafficway, Kansas City, MO 64155. Boasting a prime hard-corner location on a 2.22-acre parcel, this property benefits from high visibility and accessibility on a major retail corridor with a signalized intersection. The 3,900 square foot building, constructed in 2018, is currently operating at 100% occupancy under a 20-year absolute NNN lease with four 5-year renewal options. The lease includes a favorable 10% rent increase every five years, providing significant long-term growth potential. The property features 45 parking spaces and is situated near a high-traffic grocery-anchored shopping center, including a Price Chopper ranked among the top three nationwide in visitor count. This location is strategically positioned only ten miles from downtown Kansas City, within a densely populated area with an average household income of $90,628 within a 5-mile radius. The property's strong performance, exceeding brand average unit volume, coupled with the long-term lease and prime location, makes it an attractive investment with a 5.75% cap rate and a Net Operating Income (NOI) of $156,550. The property is zoned for commercial use and has an APN of 13313000901401. This is a rare opportunity to acquire a high-performing, stable investment in a rapidly growing area. The asking price is $2,722,608, representing a price per square foot of $698.10.