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Auto Service - Gas-Conv

Pilot - Kansas City, MO

8801 NE Birmingham Rd, Birmingham, MO 64161

Listing Price: $12,960,000

Cap Rate
5.00%
Tenant Name
Pilot Travel Centers
Years Remaining On Lease
18.1
Gross SF
8,797
Guarantor
Corporate Guarantee
Rentable SF
8,797
Price/Gross SF
$1,473.23
Lease Type
Absolute Net
Rent Per Square Feet
$73.66

Investment Overview

Marcus & Millichap is pleased to present for sale this Pilot Travel Center
Located at 8801 NE Birmingham Road in Kansas City, Missouri. Kansas City
is the core city in the Kansas City metropolitan area, which spans both Kansas
and Missouri. The Property is located northeast of Downtown Kansas City,
allowing for easy access fueling entering or exiting the city.
Pilot merged with Flying J in 2010 taking the name Pilot Flying J. In 2017,
Warren Buffett-controlled Berkshire Hathaway acquired a 38.6% stake in
Pilot Flying J and earlier this year increased their stake to 80 percent of the
company. The remaining 20 percent of the company is owned by the Haslam
family, the founders of Pilot Corporation, which has retained control of day-today
operations.
The tenant recently signed a 20-year absolute triple-net lease with 10 percent
escalations in rent every five years including the four 5-year rental option
periods. The subject property built in 2018 is located on 4.022 acres with
a 8,437 square foot store including Dunkin’ Donuts Express. Other features
of the property include 15 truck parking spaces, six diesel fuel lanes, 10 gas
fueling stations and two showers.
Pilot is strategically located just off Missouri 210, only one mile from Interstate
435 (70,263 VPD) which leads east to Peoria and Chicago. Across the street
is the Ameristar Casino Hotel with 1.2 million visitors annually according to
Placer.ai. Within a 3-mile radius surrounding the property is over 23.5 million
square feet of industrial space with loading docks and located a few miles
away is the 438 acre Norfolk Southern railyard.
Headquartered in Knoxville, Tennessee, Pilot Flying J is the largest operator
of travel centers in North America with more than 750 locations throughout
the United States and Canada. Pilot Flying J is one of the leading suppliers of
fuel and the largest operator of travel centers in North America and the largest
seller of over-the-road diesel fuel in the United States.

Investment Highlights

  • Rare Corporate Guaranteed Lease | Pilot Travel Centers LLC
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Large Parcel | Situated on 4.022 acres
  • Ranked #5 in Forbes Largest Privately Held Companies in 2022 | Revenue $45B | 140,000 Employees
  • Only 9 Miles from Downtown Kansas City
  • Four Miles from Norfolk Southern's 438 Acre Rail Yard

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Auto Service - Gas-Conv

Pilot - Kansas City, MO

Listing Price: $12,960,000

Cap Rate
5.00%
Tenant Name
Pilot Travel Centers
Years Remaining On Lease
18.1
Gross SF
8,797
Guarantor
Corporate Guarantee
Rentable SF
8,797
Price/Gross SF
$1,473.23
Lease Type
Absolute Net
Rent Per Square Feet
$73.66

Investment Highlights

  • Rare Corporate Guaranteed Lease | Pilot Travel Centers LLC
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Large Parcel | Situated on 4.022 acres
  • Ranked #5 in Forbes Largest Privately Held Companies in 2022 | Revenue $45B | 140,000 Employees
  • Only 9 Miles from Downtown Kansas City
  • Four Miles from Norfolk Southern's 438 Acre Rail Yard

Investment Overview

Marcus & Millichap is pleased to present for sale this Pilot Travel Center Located at 8801 NE Birmingham Road in Kansas City, Missouri. Kansas City is the core city in the Kansas City metropolitan area, which spans both Kansas and Missouri. The Property is located northeast of Downtown Kansas City, allowing for easy access fueling entering or exiting the city. Pilot merged with Flying J in 2010 taking the name Pilot Flying J. In 2017, Warren Buffett-controlled Berkshire Hathaway acquired a 38.6% stake in Pilot Flying J and earlier this year increased their stake to 80 percent of the company. The remaining 20 percent of the company is owned by the Haslam family, the founders of Pilot Corporation, which has retained control of day-today operations. The tenant recently signed a 20-year absolute triple-net lease with 10 percent escalations in rent every five years including the four 5-year rental option periods. The subject property built in 2018 is located on 4.022 acres with a 8,437 square foot store including Dunkin’ Donuts Express. Other features of the property include 15 truck parking spaces, six diesel fuel lanes, 10 gas fueling stations and two showers. Pilot is strategically located just off Missouri 210, only one mile from Interstate 435 (70,263 VPD) which leads east to Peoria and Chicago. Across the street is the Ameristar Casino Hotel with 1.2 million visitors annually according to Placer.ai. Within a 3-mile radius surrounding the property is over 23.5 million square feet of industrial space with loading docks and located a few miles away is the 438 acre Norfolk Southern railyard. Headquartered in Knoxville, Tennessee, Pilot Flying J is the largest operator of travel centers in North America with more than 750 locations throughout the United States and Canada. Pilot Flying J is one of the leading suppliers of fuel and the largest operator of travel centers in North America and the largest seller of over-the-road diesel fuel in the United States.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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