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POPEYES W/ DR-THRU | 20 YR ABSOLUTE NET LEASE 15902 E US Highway 24

2,553 SF Retail Building Independence, MO 64050 £2,126,869 (£833/SF) 5.75% Net Initial Yield

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Investment Highlights

20 Year Absolute Net Lease feat. 10% Rental Increases Every 5 Years throughout the Initial Term & Options. 2024 High Quality Construction w/ Dr-Thru.
The Site Benefits from its Close Proximity to Downtown Kansas City - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants.
In Close Proximity to Numerous Schools, including William Chrisman High School, providing for an Increased Potential Customer Base.

Positioned Along Area’s Traffic and Retail Corridor - Features Easy Access & Excellent Visibility Along US Highway-24.
Densely Populated Kansas City Suburb: Features more than 108k People Residing within a 5-Mile Radius.
Conveniently Located Across from a Brand New Quik Trip and Near Numerous National Retailers including Save-a-Lot, CVS Pharmacy, Walgreens, etc

Executive Summary

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

2,553 SF

Building Class

Year Built

2024

Construction Status

Under Construction

Price

£2,126,869

Price Per SF

£833

Net Initial Yield

5.75%

NOI

£122,295

Tenancy

Single

Number of Floors

Building FAR

0.06

Land Acres

0.91 AC

MAJOR TENANTS

Popeyes
Retailer
2,553 SF
-
Triple Net
Nov 2044

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease Type		Lease End
Popeyes	Retailer	2,553 SF	-	Triple Net		Nov 2044

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