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9541 E Truman Rd
Independence, MO 64052 Fairland Heights

$395,000 USD

Freestanding For Sale  •  2,400 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 2,400 SF
  • Lot Size 0.43 AC
  • Building Class B
  • Year Built 1980
  • Cap Rate 6.56 %
  • Tenancy Single
  • Zoning C2, Independence
30 Transit Score
30 Walk Score

Highlights

The tenant of record is Hut Missouri LLC, a subsidiary of Flynn Restaurant Group, the single largest franchisee organization on the planet.
Base rent of just $2,160/month ($25,920/year) equates to $10.80/SF on a 2,400 SF building, a figure significantly below prevailing QSR market rent.
The lease runs through July 31, 2030, with two additional 5-year renewal options. The first option period resets rent to $2,376/month ($28,512/year).
Independence is the fourth-largest city in Missouri at approximately 122,000 residents and serves as the primary suburban anchor to the Kansas City.
The original lease dates to September 1994; this Pizza Hut has operated continuously at this address for over 30 years across multiple ownership.
Cap Rate: 6.56 %

Major Tenants

Tenant SF Occupied Lease End Date
Pizza Hut 2,400 SF 7/31/2030

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Independence Amtrak Station (Lincoln Service Missouri River Runner - Amtrak, Missouri River Runner - Amtrak) 6 min - 2.6 mi
Kansas City (Lincoln Service Missouri River Runner - Amtrak, Missouri River Runner - Amtrak, Southwest Chief - Amtrak) 16 min - 7.7 mi
AirportDriveWalkDistance
Kansas City International 35 min - 27.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Tyler McGarry 310-558-2029 Sands Investment Group
Tyler McGarry 310-558-2029 Sands Investment Group