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B Street Collision 8035 Lenexa Dr

19,765 SF Light Industrial Building Lenexa, KS 66214 £4,734,000 (£240/SF) 6.35% Net Initial Yield

Investment Highlights

  • Brand new 15-year sale leaseback with 10% rental increase every 5 years
  • Lease guaranteed by Tenant’s corporate entity – B Street Collision Holdings, LLC
  • B Street Collision is an established operating platform with a best in class management team and no company level debt
  • Absolute NNN lease with zero Landlord expense or maintenance responsibilities
  • High barrier to entry site and market – Irreplaceable underlying zoning

Executive Summary

A high performing collision center, strategically located in an affluent Kansas City suburb. A brand new 15-year corporate sale leaseback with 10% rental increases every five years. The property is located in an affluent suburb of Kansas City and is strategically located in close proximity to several major car dealerships creating operating synergies resulting in significant shop level performance (talk to agent).

Property Facts

Price £4,734,000
Price Per SF £240
Sale Type Investment NNN
Net Initial Yield 6.35%
Property Type Light Industrial
Property Subtype
Showroom
  • General Retail Auto Repair
Building Class B
Lot Size 2.80 AC
Rentable Building Area 19,765 SF
Number of Floors 1
Year Built 1998
Tenancy Single
Parking Ratio 5.26/1,000 SF

Amenities

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
IP00230000-0001
Land Assessment
£78,303
Improvements Assessment
£413,048
Total Assessment
£491,351

zoning

Zoning Code BP2
BP2
  • Listing ID: 31083893

  • Date on Market: 29/02/2024

  • Last Updated:

  • Address: 8035 Lenexa Dr, Lenexa, KS 66214

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