5400 Troost Ave
5400 Troost Ave, Kansas City, MO 64110
Marketing description
5400 Troost Avenue represents a premier investment opportunity to acquire a high-visibility, single-tenant asset at the gateway of Kansas City’s most dynamic academic and urban revitalization corridor. Occupying a prominent signalized corner at Troost Avenue and E 55th Street, the property is anchored by Tiki Taco, a rapidly expanding and iconic local brand. This offering is structured for a seamless transition, with the tenant entering into a brand-new, 10- year absolute triple-net (NNN) lease upon the close of escrow. This provides an investor with a completely passive income stream and zero landlord responsibilities, backed by a corporate guarantee from Island Time, Inc., which oversees the brand’s robust nine-unit regional footprint.
The site’s location is arguably its strongest asset, situated directly adjacent to Rockhurst University and just 0.5 miles from the University of Missouri-Kansas City (UMKC). This placement ensures a built-in, stable consumer base of over 18,500 (+/-) students, faculty, and staff, supplemented by high-density vehicular traffic. Positioned between the upscale Country Club Plaza and the community-centric Brookside neighborhood, the property is a central anchor in the city’s strategic focus on the Troost revitalization and the nearby Nelson-Atkins development district. For the investor, this is a rare chance to own a high-exposure piece of Kansas City real estate with a committed, local-favorite tenant and significant long-term appreciation potential.
Originally constructed in 1931, the building underwent a total top-to-bottom remodel in 2021. This comprehensive capital improvement project included all-new mechanical, electrical, and plumbing (MEP) systems, a new roof, high-efficiency windows, and a fully equipped commercial kitchen. Furthermore, the property has remediated all Phase II environmental concerns, providing a clean, turn-key asset for the long-term.
NOTE: Please do not contact or disturb the tenant, property employees, or customers. All property tours and communications must be coordinated exclusively through the listing broker. Unauthorized contact may disrupt business operations.
Investment highlights
- Direct Proximity to Major Academic Demand Drivers The property is strategically positioned just 0.5 miles from the University of Missouri-Kansas City (UMKC) and directly adjacent to the Rockhurst University campus. Collectively, these institutions bring a population of over 18,500 (+/-) students, faculty, and staff to the immediate area. This built-in audience serves as a massive economic engine, fueling consistent and stable demand for nearby services, retail, and amenities.
- Long-Term, Passive Cash Flow (Brand-New 10-Year Lease) The tenant will execute a fresh 10-year lease upon the close of escrow. This long-term commitment provides exceptional cash-flow durability and significantly reduces re-tenanting risk, offering a hands-off investment for those seeking predictable, long-term returns.
- Absolute NNN – Zero Landlord Responsibilities This is a true absolute triple-net lease, making it a 100% passive investment. The tenant is responsible for all property expenses, including the roof, structure, parking lot, taxes, insurance, and all ongoing repairs and maintenance. There are zero landlord management obligations.
- High-Visibility Kansas City Infill Location Located at the signalized intersection of Troost Avenue & E 55th Street, the property sits on a high-traffic urban corner with combined counts exceeding 30,000 vehicles per day. Positioned within a dense trade area, the site benefits from the City’s strategic focus on the Troost Corridor and the nearby Nelson-Atkins development, ensuring sustained foot traffic and long-term asset appreciation.
- Proven Local Brand with Corporate Guarantee Island Time, Inc., the operator of Tiki Taco, provides a corporate guarantee for this location. A Kansas City staple since 2017 (acquired by current ownership in 2020), Tiki Taco has expanded to 9 locations across the Kansas City MSA. It remains one of the region’s most recognizable and successful fast-casual brands.
- Dense Urban Synergy & Daily Drivers The immediate trade area is a hub of activity, nestled between the upscale Country Club Plaza and the community-focused Brookside neighborhood. Surrounded by thousands of existing apartment units and the dual-university population, the property is anchored by high-density retail and constant daily traffic.
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