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Restaurant

Popeyes w/ Drive Thru | Kansas City MSA | 20 Year Absolute Net Lease | Along US Highway-24

15902 E US Highway 24, Independence (Kansas City MSA), MO 64050

Listing Price: $2,585,000

Cap Rate
6.00%
Tenant Name
Popeyes
Years Remaining On Lease
19.8
Gross SF
2,553
Guarantor
Franchisee Guarantee
Rentable SF
2,553
Price/Gross SF
$1,012.53
Lease Type
Absolute Net
Rent Per Square Feet
$60.71

Investment Overview

Independence is the fifth-largest city in Missouri and the county seat of Jackson County. Independence is a satellite city of Kansas City, Missouri, and is the largest suburb on the Missouri side of the Kansas City metropolitan area. In 2020, it had a total population of 123,011. The Kansas City metropolitan area is a bi-state metropolitan area anchored by Kansas City, Missouri. Its 14 counties straddle the border between the U.S. states of Missouri (9 counties) and Kansas (5 counties). With 8,472 square miles and a population of more than 2.2 million people, it is the second-largest metropolitan area centered in Missouri (after Greater St. Louis) and is the largest metropolitan area in Kansas, though Wichita is the largest metropolitan area centered in Kansas.Alongside Kansas City, Missouri, these are the suburbs with populations above 100,000: Overland Park, Kansas; Kansas City, Kansas; Olathe, Kansas; Independence, Missouri; and Lee’s Summit, Missouri.

Investment Highlights

  • 20 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2024 High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Traffic and Retail Corridor - Features Easy Access & Excellent Visibility Along US Highway-24 with Daily Traffic Counts Exceeding 23k Vehicles.
  • Densely Populated Kansas City Suburb: Features more than 108k People Residing within a 5-Mile Radius.
  • The Site Benefits from its Close Proximity to Downtown Kansas City - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.
  • Conveniently Located Across from a Brand New Quik Trip and Near Numerous National Retailers including Save-a-Lot, CVS Pharmacy, Walgreens, Cosentino's Sun Fresh and more.
  • In Close Proximity to Numerous Schools, including William Chrisman High School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • A Short Drive from Kauffman Stadium - Kansas City Royals's Pro-Baseball Complex including the Royals Hall of Fame & a Themed Kids' Play/Practice Area.
  • Minutes from Arrowhead Stadium - 27th-Largest Stadium in the United States & home to Pro Football's Kansas City Chiefs, also hosting Big-Name Music Acts.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    First Vice President Investments

    (314) 889-2555

    License(s) MO: 2008013520

    Missouri

Financing By

Restaurant

Popeyes w/ Drive Thru | Kansas City MSA | 20 Year Absolute Net Lease | Along US Highway-24

Listing Price: $2,585,000

Cap Rate
6.00%
Tenant Name
Popeyes
Years Remaining On Lease
19.8
Gross SF
2,553
Guarantor
Franchisee Guarantee
Rentable SF
2,553
Price/Gross SF
$1,012.53
Lease Type
Absolute Net
Rent Per Square Feet
$60.71

Investment Highlights

  • 20 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2024 High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Traffic and Retail Corridor - Features Easy Access & Excellent Visibility Along US Highway-24 with Daily Traffic Counts Exceeding 23k Vehicles.
  • Densely Populated Kansas City Suburb: Features more than 108k People Residing within a 5-Mile Radius.
  • The Site Benefits from its Close Proximity to Downtown Kansas City - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.
  • Conveniently Located Across from a Brand New Quik Trip and Near Numerous National Retailers including Save-a-Lot, CVS Pharmacy, Walgreens, Cosentino's Sun Fresh and more.
  • In Close Proximity to Numerous Schools, including William Chrisman High School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • A Short Drive from Kauffman Stadium - Kansas City Royals's Pro-Baseball Complex including the Royals Hall of Fame & a Themed Kids' Play/Practice Area.
  • Minutes from Arrowhead Stadium - 27th-Largest Stadium in the United States & home to Pro Football's Kansas City Chiefs, also hosting Big-Name Music Acts.

Investment Overview

Independence is the fifth-largest city in Missouri and the county seat of Jackson County. Independence is a satellite city of Kansas City, Missouri, and is the largest suburb on the Missouri side of the Kansas City metropolitan area. In 2020, it had a total population of 123,011. The Kansas City metropolitan area is a bi-state metropolitan area anchored by Kansas City, Missouri. Its 14 counties straddle the border between the U.S. states of Missouri (9 counties) and Kansas (5 counties). With 8,472 square miles and a population of more than 2.2 million people, it is the second-largest metropolitan area centered in Missouri (after Greater St. Louis) and is the largest metropolitan area in Kansas, though Wichita is the largest metropolitan area centered in Kansas.Alongside Kansas City, Missouri, these are the suburbs with populations above 100,000: Overland Park, Kansas; Kansas City, Kansas; Olathe, Kansas; Independence, Missouri; and Lee’s Summit, Missouri.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    First Vice President Investments

    (314) 889-2555

    License(s): MO: 2008013520

    Missouri

Financing By

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