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28043138
28043139

528 NW Englewood Rd, Kansas City, MO 64118

TN
IL IL: 475.159619
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap - Chicago Oak Brook
$6,402,286
68 days on market
Updated 9 days ago

QuikTrip - Kansas City (14 Years Remaining)

Details
Property Type Retail
Sub Type Convenience Store, Gas Station (+1)
Square Footage 5,871
Net Rentable (SqFt) 5,871
Units 1
Cap Rate 5.25%
NOI $336,120
Occupancy 100%
Tenancy Single
Brand/Tenant QuikTrip
Lease Type Absolute NNN
Lease Term 25.1
Lease Expiration 02/28/2040
Remaining Term 13.7
Rent Bumps Yes
Lease Options 6 Five-Year Renewals
Pro-Forma NOI $336,120
Price per SqFt $1,090
Class A
Year Built 2013/14
Buildings 1
Stories 1
Acreage 1.610
Zoning Commercial
Parking Spaces 41 spaces
Parking Per SqFt 6.98
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/04/2015
Occupancy Date 02/04/2015
Ground Lease No
Ownership Fee Simple

100% Bonus Depreciation | QuikTrip - Kansas City, MO

Marketing description

The QuikTrip gas station located at 528 NW Englewood Rd in Kansas City, MO presents a strong net-leased investment opportunity. This replacement store property features a long-term NNN lease backed by a corporate guarantee from QuikTrip, a nationally recognized tenant. With approximately 14 years remaining on the current lease term and multiple renewal options, investors benefit from stable cash flow and zero landlord responsibilities. The site sits on 1.61 acres with a 5,871 SF building in a high-traffic corridor within the growing Kansas City metro area.

Investment highlights

Long-Term Passive Income //

Approximately 14 years remaining on current lease term multiple renewal options.

High Performing Store //

This location is a replacement store and situated in a high-traffic area surrounded by retail and residential communities.

Strong Visibility & Access //

Strong visibility with direct access to US-169. High consumer and vehicle traffic counts support high sales volume.

Robust Demographics //

Reported 3-mile population of 72,843 and 5-mile population of 160,058.

Strategic Location in Northland Submarket //

This QuikTrip sits in the heart of the Northland area, a growing suburban region with strong retail synergy.

Institutional-Grade Tenant //

Leased to QuikTrip, a nationally recognized convenience store and fuel brand with a strong corporate guarantee and loyal customer base.

Zero Landlord Responsibilities //

True passive income with zero maintenance, taxes or insurance obligations.

Listing Contacts

TN
IL IL: 475.159619
Marcus & Millichap - Chicago Oak Brook
Listed by Marcus & Millichap - Chicago Oak Brook

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$336,120.00
$28,010.00/mo

Valuation Metrics

0
DSCR
5.25%
Cap Rate
5.25%
ROI

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Additional Information

Name
David Saverin
License
MO: 2008013520
Brokerage
Marcus & Millichap
Brokerage Phone
314-889-2500
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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