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10700 Parallel Pky

Kansas City, KS 66109

$5,318,230

Restaurant For Sale  •  7,575 Sq Ft

Property Details

  • Property Type Restaurant
  • Total Building Size 7,575 Sq Ft
  • Lot Size 1.74 ac
  • Building Class B
  • Year Built 2011
  • Cap Rate 4.00 %
  • Tenancy Single
28 Transit Score
56 Walk Score

Description

Single Tenant Triple Net Lease Real Estate Investment For Sale. 7,575 sq ft freestanding building - 2% annual rent increases. Lease expires September 30, 2039.

Located in the Plaza at the Speedway - an 850,000 sq ft Power Retail Shopping Center anchored by Walmart Supercenter, Kohl's, and Sam's Club. Other tenants include Taco Bell, Olive Garden, Chick-fil-A, Jack in the Box, and Wendy's. Next to Kansas Speedway, Cabela's, Great Wolf Lodge, Schlitterbahn Vacation Village, Nebraska Furniture Mart, Legends Kansas City Outlets, T-Bones Baseball Stadium, Sporting Park Soccer Stadium, Hollywood Casino, and the new 600,000 sf office campus is home to a major expansion of Kansas City's Cerner Corporation

Property Flyers

Financial Summary (Actual)

Net Operating Income: $204,468 (2016)
Cap Rate: 4.00 %

Public Transportation

AirportDriveWalkDistance
Kansas City International Airport 24 min - 23.8 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
David Block 816-412-7400 Block & Company, Inc.
David Block 816-412-7400 Block & Company, Inc.