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Family Dollar

1801 Prospect Ave, Kansas City, MO 64127

Listing Price: $2,086,538

Cap Rate
6.50%
Tenant Name
Family Dollar
Years Remaining On Lease
9.1
Guarantor
Corporate Guarantee
Rentable SF
8,320
Lease Type
Absolute Net
Rent Per Square Feet
$16.30

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the property located at 1801 Prospect Avenue in Kansas City, Missouri. This investment is being offered at $2,086,538, which represents a 6.50% capitalization rate.

The subject property is an 8,320-square-foot, build-to-suit store originally constructed in 2018. There are currently 9.2 years remaining on the current lease term, which expires on March 31st, 2023. Within the initial term period, there is a 10% rental increase in year 11, resulting in an advantageous 7.14% capitalization rate. Additionally, accompanying the lease are six five-year options, each with a 10% rental increase.

This property is encumbered by a triple net lease structure, calling for tenant responsibility for taxes, insurance, common area maintenance, roof, and structure. There are zero landlord responsibilities.

Located at the signalized hard-corner intersection of East 18th Street and Prospect Avenue, the property benefits from a combined traffic count of 11,112 vehicles per day. Additionally, there are 207,926 residents living within a 5-mile radius. Moreover, this property is situated just 2 miles from downtown Kansas City, Missouri, and is positioned between major thoroughfares I-70 and U.S. Highway 71.

Investment Highlights

  • Absolute Triple Net Lease with 9.2 Years Remaining. Six Five-Year Options with 10% Rental Increases. 10% Rental Increase within the Initial Term.
  • Located on a Hard Signalized Corner. 2 Miles from Downtown Kansas City. Over 96,000 Households in a 5-Mile Radius.
  • Average Household Income Just Under $60,000 in a 5-Mile Radius. Kansas City, Missouri MSA is the 31st largest MSA in the nation with a population of 2.2 million people.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Listing Price: $2,086,538

Cap Rate
6.50%
Tenant Name
Family Dollar
Years Remaining On Lease
9.1
Guarantor
Corporate Guarantee
Rentable SF
8,320
Lease Type
Absolute Net
Rent Per Square Feet
$16.30

Investment Highlights

  • Absolute Triple Net Lease with 9.2 Years Remaining. Six Five-Year Options with 10% Rental Increases. 10% Rental Increase within the Initial Term.
  • Located on a Hard Signalized Corner. 2 Miles from Downtown Kansas City. Over 96,000 Households in a 5-Mile Radius.
  • Average Household Income Just Under $60,000 in a 5-Mile Radius. Kansas City, Missouri MSA is the 31st largest MSA in the nation with a population of 2.2 million people.

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the property located at 1801 Prospect Avenue in Kansas City, Missouri. This investment is being offered at $2,086,538, which represents a 6.50% capitalization rate. The subject property is an 8,320-square-foot, build-to-suit store originally constructed in 2018. There are currently 9.2 years remaining on the current lease term, which expires on March 31st, 2023. Within the initial term period, there is a 10% rental increase in year 11, resulting in an advantageous 7.14% capitalization rate. Additionally, accompanying the lease are six five-year options, each with a 10% rental increase. This property is encumbered by a triple net lease structure, calling for tenant responsibility for taxes, insurance, common area maintenance, roof, and structure. There are zero landlord responsibilities. Located at the signalized hard-corner intersection of East 18th Street and Prospect Avenue, the property benefits from a combined traffic count of 11,112 vehicles per day. Additionally, there are 207,926 residents living within a 5-mile radius. Moreover, this property is situated just 2 miles from downtown Kansas City, Missouri, and is positioned between major thoroughfares I-70 and U.S. Highway 71.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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