8765 N Ambassador Dr, Kansas City, MO 64154 For Sale

Lee & Associates and Bang Realty are pleased to present the exclusive opportunity to acquire the fee simple interest in a newly constructed Spira Care medical office property located at 8765 N Ambassador Drive in Kansas City, Missouri. The 11,950 square foot, single-tenant facility was built in 2019 and is situated on approximately 2.3 acres within the highly trafficked Tiffany Springs retail corridor. The asset is secured by a corporate lease guaranteed by Blue Cross and Blue Shield of Kansas City.

Spira Care is owned and operated by Blue KC and serves as an advanced primary care platform focused on comprehensive, value-based healthcare delivery. The lease commenced January 1, 2020 and runs through December 31, 2029, with approximately four years remaining in the current primary term and two five-year renewal options. The lease features 10% rental increases every five years and is structured as NN, with the tenant reimbursing insurance and property taxes and limited landlord responsibilities due to a 15-year roof warranty in place. Blue KC serves approximately one million members and generates more than $3.1 billion in annual revenue, providing strong corporate credit backing.

The property is strategically positioned at the crossroads of Interstate 29 and Highway 152, benefiting from traffic counts exceeding 66,000 vehicles per day on I-29 and 36,800 vehicles per day on Route 152. The site is surrounded by national retailers including Target, Walmart Supercenter, Lowe’s, Home Depot, Hy-Vee, Dick’s Sporting Goods and numerous others within the Zona Rosa and Tiffany Springs trade areas. Located approximately six miles from Kansas City International Airport and within a growing northwest Kansas City submarket, the asset benefits from strong demographics, healthcare adjacency to St. Luke’s North Hospital, and continued residential and commercial development.