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33241807
33241808

4641 S Cochise Ct, Independence, MO 64055 For Sale

RL
CA CA 01940384
CIRE Partners
AG
CA CA 01895830
CIRE Partners
Listed by CIRE Partners
$2,647,985
55 days on market
Updated 54 days ago

Slim Chickens - Independence, MO

Details
APN 34-520-01-08-00-0-00-000
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,860
Cap Rate 6.55%
NOI $173,443
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 07/31/2038
Remaining Term 12
Rent Bumps Yes
Lease Options Four (4) - 5 Year
Broker Co-Op True
Year Built 2014
Acreage 0.950
Zoning C-2 (General Commercial)
Parking Spaces 37 spaces
Parking per 1,000 SqFt 12.94
Investment Type Net Lease
Lease Commencement 01/03/2024
Ground Lease No
Ownership Fee Simple - Land & Building

Retail | 6.55% CAP | 2,860 SqFt

Investment highlights

LONG TERM ABSOLUTE NNN LEASE

There are currently ±12 years remaining on the lease term followed by four (4), 5-year renewal options, with zero landlord responsibilities.

1.5% ANNUAL RENT INCREASES

Scheduled 1.5% annual rent increases begin April 21, 2027 and continue through the primary term and option periods.

ESTABLISHED MULTI UNIT FRANCHISEE

As of 2025, AP Restaurant Group, LLC operates 15 Slim Chickens locations across Kansas, Missouri, and Oklahoma, ranking among the brand's largest multi-unit franchise groups.

ACTIVE DEVELOPMENT PIPELINE

In January 2024, AP Restaurant Group signed a 14-unit franchise development agreement for Kansas and Missouri.

E-COMMERCE AND RECESSION-RESISTANT TENANT

QSR properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.

FAST GROWING NATIONAL BRAND

Slim Chickens has experienced ~70% restaurant growth over the last three years and has been recognized on the 2025 Fast Casual Top 100 Movers & Shakers list, Entrepreneur's Franchise 500, and Franchise Times Top 400.

ESTABLISHED LOCATION

The property has operated as a quick-service restaurant leased to Slim Chickens since the property was built in 2014.

GREAT ACCESS AND VISIBILITY

Strategically positioned along the I-70 corridor at a major interchange serving the Independence Center retail district, with ±45,290 average daily traffic and strong co-tenancy from national retailers.

STRONG DEMOGRAPHICS AND TRADE AREA

The property is located in a dense, high-income trade area with over 131,000 residents within a five-mile radius and average household incomes exceeding $97,000.

HUNDREDS OF NEW MULTIFAMILY UNITS EXPANDING POPULATION

Multiple garden-style and mixed-use multifamily projects are underway in eastern Independence near Little Blue Parkway and along the I-70 corridor, with several hundred new units in various stages of planning and early construction targeting workforce households and renters-by-choice priced out of central Kansas City.

MODOT'S MULTI YEAR I-70 MODERNIZATION ENHANCING ACCESS

MoDOT's multi-year I-70 improvement program includes widening and interchange modernization between Kansas City and Blue Springs, with ramp and traffic-flow improvements at key interchanges serving this location.

Listing Contacts

RL
CA CA 01940384
CIRE Partners
AG
CA CA 01895830
CIRE Partners
Listed by CIRE Partners

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$173,443.00
$14,453.58/mo

Valuation Metrics

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DSCR
6.55%
Cap Rate
6.55%
ROI

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Additional Information

Name
Jared Andrew English
License
2021048729
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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