Whataburger
Retail | 5.25% CAP | 3,311 SqFt | Absolute NNN Ground Lease | Kansas City MSA
Investment highlights
Kansas City MSA
The Kansas City MSA is one of the largest metro areas in the Midwest, hosting a population of 2.3 million people. It was named Wall Street Journal's #8 "2022 Hottest Job Markets" out of 381 US metro areas and has recently seen an influx of tech and healthcare companies moving to the MSA.
Prime Retail Location with Strong Accessibility
The Property is positioned along Tom Watson Parkway/NW 64th St with approximately 16,000+ vehicles per day, providing strong visibility and convenient access for local and commuter traffic. The site benefits from direct frontage along a primary commercial corridor serving the Parkville trade area. Its strategic location supports consistent consumer exposure and long-term accessibility.
Strong Store Performance
According to Placer.ai, the location reports approximately 159,900 annual visits and $2.1 million in annual sales, demonstrating steady customer traffic and established operating performance. The Property benefits from a consistent local customer base and ongoing quick-service restaurant demand within the surrounding area. The store’s performance reflects stable consumer engagement and a proven operating history.
Complementary Community Drivers
The property is surrounded by complementary retail and community demand drivers including Scooter’s Coffee, Dairy Queen, Walgreens, and Graden Elementary School, which generate consistent daily traffic and support sustained visitation to the area. Additionally, the site is located approximately 15 minutes from Kansas City International Airport, a major regional transportation hub that supports area employment, commuter traffic, and ongoing economic activity. The combination of nearby retail, community uses, and regional accessibility enhances long-term consumer demand and site viability.
New Construction Drive-Thru QSR
The Property features brand-new 2023 construction with drive-through accessibility, offering peak residual value and insulation from near-term capital expense exposure.
Absolute NNN Ground Lease
The newly-executed ground lease features 15 years of firm term with 10% rental increases every five years and in each of the four, 5-year renewal options. Tenant shall maintain entire property at its own expense, providing an income stream net of all operating expenses.
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