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Restaurant

Starbucks

9013 State Line Rd, Kansas City, MO 64114

Listing Price: $2,631,000

Cap Rate
4.75%
Tenant Name
Starbucks
Years Remaining On Lease
10.1
Gross SF
2,358
Guarantor
Corporate Guarantee
Rentable SF
2,358
Price/Gross SF
$1,115.78
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$53.01

Investment Overview

Marcus & Millichap exclusively represents the developer of Starbucks (the “Property”) in the sale of this property. The 2,358-square foot free-standing building is located in Kansas City, Missouri on State Line Road (29,000 ADT) near the 89th Street connector to Ward Parkway (55,000 ADT). This triple-net lease Starbucks features a 7.5 percent rental increase in year six and in each renewal option. The property is ideally positioned between Rockhurst High School (1,000 students enrolled), the newly renovated Ward Parkway Center, and a major office corridor. The office corridor includes Burns & McDonnel Engineering world headquarters, less than one mile away, that is undergoing a 142,000-square foot campus expansion. Ward Parkway Center includes Trader Joe’s, Target, HomeGoods, TJ Maxx, Ulta, Chik-Fil-A, Five Guys, and more. Kansas City metro has a population of 2.2 million people and includes company headquarters of AMC, H&R Block, Hallmark, and the USDA (IRS & NIFA).

Investment Highlights

  • New 10 Year Triple-Net Lease – No Termination Right
  • Next to Newly Renovated 550,000-Square Foot Ward Parkway Center
  • Blocks from Rockhurst High School Campus
  • Five Mile Estimated Average Household Income - $110,000 One Mile Estimated Average Household Income - $125,000
  • By Four of the Top Wealthiest Zip Codes in Kansas City
  • Less than One Mile from Burns & McDonnel Engineering World Headquarters (4,100 Employees)

Exclusively Listed By

Broker of Record

  • Brad Barham

    First Vice President Investments

    (314) 889-2500

    License(s) MO: 2013016939

    Missouri

Listing Price: $2,631,000

Cap Rate
4.75%
Tenant Name
Starbucks
Years Remaining On Lease
10.1
Gross SF
2,358
Guarantor
Corporate Guarantee
Rentable SF
2,358
Price/Gross SF
$1,115.78
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$53.01

Investment Highlights

  • New 10 Year Triple-Net Lease – No Termination Right
  • Next to Newly Renovated 550,000-Square Foot Ward Parkway Center
  • Blocks from Rockhurst High School Campus
  • Five Mile Estimated Average Household Income - $110,000 One Mile Estimated Average Household Income - $125,000
  • By Four of the Top Wealthiest Zip Codes in Kansas City
  • Less than One Mile from Burns & McDonnel Engineering World Headquarters (4,100 Employees)

Investment Overview

Marcus & Millichap exclusively represents the developer of Starbucks (the “Property”) in the sale of this property. The 2,358-square foot free-standing building is located in Kansas City, Missouri on State Line Road (29,000 ADT) near the 89th Street connector to Ward Parkway (55,000 ADT). This triple-net lease Starbucks features a 7.5 percent rental increase in year six and in each renewal option. The property is ideally positioned between Rockhurst High School (1,000 students enrolled), the newly renovated Ward Parkway Center, and a major office corridor. The office corridor includes Burns & McDonnel Engineering world headquarters, less than one mile away, that is undergoing a 142,000-square foot campus expansion. Ward Parkway Center includes Trader Joe’s, Target, HomeGoods, TJ Maxx, Ulta, Chik-Fil-A, Five Guys, and more. Kansas City metro has a population of 2.2 million people and includes company headquarters of AMC, H&R Block, Hallmark, and the USDA (IRS & NIFA).

Exclusively Listed By

Broker of Record

  • Brad Barham

    First Vice President Investments

    (314) 889-2500

    License(s): MO: 2013016939

    Missouri

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