Investment Overview

Marcus & Millichap is pleased to exclusively present for sale this absolute netleased North American Title Loans property, located at 1414 Independence Avenue in Kansas City, Missouri—just 2.4 miles from Downtown Kansas City. The subject offering features a 1,000-square-foot freestanding building situated on a 0.40-acre parcel, with excellent visibility and access. Strategically positioned in the heart of Kansas City, the property benefits from a dense population base of over 508,000 residents within city limits and more than 2.3 million across the greater metropolitan area. The immediate trade area is anchored by a strong mix of national and regional retailers, including CVS Pharmacy, Cosentino’s Market, ALDI, and Halls Kansas City, establishing a robust commercial corridor. Nearby attractions such as the Kauffman Center for the Performing Arts—which hosts more than 350 performances annually— and the Hy-Vee Arena, a 19,500-seat multipurpose venue, further bolster local foot traffic and consumer activity. The property enjoys outstanding connectivity, sitting just off the ramp to Interstate 29, which sees more than 64,000 vehicles per day, and within close proximity to Interstates 70 and 35, offering seamless access across the metro region. The surrounding area also includes numerous multifamily developments such as Admiral Apartments, Century-Towers, Commerce Tower Apartments, and Two Light Luxury Apartments, ensuring a steady residential base and consistent consumer demand. This combination of residential density, retail synergy, and regional accessibility makes the property highly desirable from both a real estate and operational standpoint. The asset is backed by a 20-year triple-net (NNN) lease with zero landlord responsibilities, offering investors a passive, long-term income stream. The lease is corporately guaranteed, and runs through January 23, 2045 with two five-year renewal periods thereafter. Notably, the lease also includes 3% annual rental increases, providing attractive built-in rent growth. North American Title Loans, affiliated with Mid-American Title Loans, is a highly established operator in the consumer finance space. Founded in 1990, the company operates in over 20 states and specializes in short-term title loan services.