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Restaurant

Popeyes w/ Dr-Thru | 20 Yr Abs Net Ground Lease Sale Leaseback | Kansas City MSA | 2022 Construction

13049 S U.S. 71 Hwy, Grandview (Kansas City MSA), MO 64030

Listing Price: $3,028,235

Cap Rate
4.25%
Tenant Name
Popeye's Chicken
Years Remaining On Lease
20.0
Gross SF
1,053
Guarantor
Franchisee Guarantee
Rentable SF
1,053
Price/Gross SF
$2,875.82
Lease Type
NNN Ground Lease
Rent Per Square Feet
$122.22

Investment Overview

Grandview is a city in Jackson County, Missouri, and is part of the Kansas City metropolitan area. Jackson County is located in the western portion of the U.S. state of Missouri. The estimated population in 2021 is 719,511 making it the second-most populous county in the state (after St. Louis County). Although Independence retains its status as the original county seat, Kansas City, Missouri serves as a second county seat and the center of county government. The county was organized December 15, 1826, and named for President Andrew Jackson (elected 1828). Jackson County is the most populated county in the Kansas City metropolitan area. Total employment in 2019 was 344,993.

Investment Highlights

  • 20 Year Absolute Net Ground Lease Sale Leaseback featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options.
  • Tenant Tore Down Prior Building to Construct Brand New Prototype w/ Lobby and Drive-Thru Demonstrating Strong Commitment to the Location.
  • Positioned Along Area's Major Traffic & Retail Corridor: Signalized Hard Corner Location - Easy Access & Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 20k Vehicles.
  • Densely Populated Kansas City Suburb: Features more than 96k People Residing within a 5-Mile Radius.
  • Near Numerous National Retailers Including Walgreens, Burlington, TJ Maxx, Ross, Price Chopper, Petco, Shoe Carnival, CVS Pharmacy and many more.
  • Walking Distance from Grandview High School (2,885+ Students in Total), providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Financing By

Restaurant

Popeyes w/ Dr-Thru | 20 Yr Abs Net Ground Lease Sale Leaseback | Kansas City MSA | 2022 Construction

Listing Price: $3,028,235

Cap Rate
4.25%
Tenant Name
Popeye's Chicken
Years Remaining On Lease
20.0
Gross SF
1,053
Guarantor
Franchisee Guarantee
Rentable SF
1,053
Price/Gross SF
$2,875.82
Lease Type
NNN Ground Lease
Rent Per Square Feet
$122.22

Investment Highlights

  • 20 Year Absolute Net Ground Lease Sale Leaseback featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options.
  • Tenant Tore Down Prior Building to Construct Brand New Prototype w/ Lobby and Drive-Thru Demonstrating Strong Commitment to the Location.
  • Positioned Along Area's Major Traffic & Retail Corridor: Signalized Hard Corner Location - Easy Access & Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 20k Vehicles.
  • Densely Populated Kansas City Suburb: Features more than 96k People Residing within a 5-Mile Radius.
  • Near Numerous National Retailers Including Walgreens, Burlington, TJ Maxx, Ross, Price Chopper, Petco, Shoe Carnival, CVS Pharmacy and many more.
  • Walking Distance from Grandview High School (2,885+ Students in Total), providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

Grandview is a city in Jackson County, Missouri, and is part of the Kansas City metropolitan area. Jackson County is located in the western portion of the U.S. state of Missouri. The estimated population in 2021 is 719,511 making it the second-most populous county in the state (after St. Louis County). Although Independence retains its status as the original county seat, Kansas City, Missouri serves as a second county seat and the center of county government. The county was organized December 15, 1826, and named for President Andrew Jackson (elected 1828). Jackson County is the most populated county in the Kansas City metropolitan area. Total employment in 2019 was 344,993.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Financing By

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