Join Our Email List

x
Email Capture
Sending
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

Submit Your 1031 Exchange Requirements

x
1031 Exchange
Sending

Scooter’s Coffee, Kansas City, MO

Scooter’s Coffee

Kansas City, MO

Price $667,000
Cap Rate 6.00%
NOI $40,000
Lease Term 15 Years
Lease Type Absolute NNN, with Tenant Responsible for all CAM Costs, Taxes, Insurance, and Maintenance, Including Structure and Parking Lot
Rental Increases 7% Rental Increases Every Five (5) Years in Initial Term and 10% Rental Increases at Beginning of Each Option Period
Year Built 2018
Building Size 450 SF
Lot Size 0.31 Acres (13,694 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE WITH SCHEDULED RENTAL INCREASES
» New 15-year lease with three five-year option periods
» 7% rental increases every five years in initial term and 10% rental increases at the beginning of each option period, providing a hedge against inflation
» Absolute NNN lease requires no landlord management, ideal for an out-of-area investor

HIGH-TRAFFIC LOCATION WITH IMMEDIATE FREEWAY ACCESS IN DENSE RETAIL CORRIDOR
» Located on North Oak Trafficway, with excellent visibility and access to 26,938 vehicles per day directly in front of the property
» Immediate access to Interstate 29/U.S. Highway 169 interchange, with a combined traffic volume of 152,490 vehicles per day
» Just past signalized entrance to Sam’s Club-anchored shopping center
» Outparcel to a Sam’s Club-anchored shopping center, which is also tenanted by Freddy’s Frozen Custard & Steakburgers and has pad sites available for future retail development

CENTRAL LOCATION WITH STRONG CUSTOMER BASE
» Six miles from downtown Kansas City
» Directly across from Midwestern Baptist Theological Seminary, which has a total enrollment of 2,239 students
» Near several major employers, including General Motors (2,235 employees), Ford (7,470 employees), Ameristar Casino (1,150 employees), and North Kansas City Hospital (2,513 employees), as well as the world headquarters of Cerner Corporation, the largest private employer in the Kansas City region
» Surrounded by densely-populated residential neighborhoods, with 143,508 residents living within a five-mile radius

NEW Q4 2018 CONSTRUCTION
» High-quality construction scheduled to be completed in late 2018
» New building, limiting near-term deferred maintenance or capital costs
» Features commuter-friendly drive-thru-only concept

Click Here to Download Offering Memorandum


Property Description

The property is located on North Oak Trafficway, with excellent visibility and access to 26,938 vehicles per day directly in front of the property. The property benefits from convenient access to two busy freeways, Interstate 29 (93,299 AADT) and U.S. Highway 169 (59,191 AADT). Located in a dense retail corridor, the property is outparcel to a Sam’s Club-anchored shopping center, which is also tenanted by Freddy’s Frozen Custard & Steakburgers and has pad sites available for future retail development. Several large shopping centers are within walking distance of the property, including North Oak Village, which is anchored by Lowe’s and features well-known tenants like Petco, Discount Tire, and Panda Express. Also nearby are North Oak Marketplace, tenanted by Goodwill and Price Chopper, and Creekwood Commons, featuring Hy-Vee and Gordmans. Other notable national tenants in the surrounding area include Home Depot, Walmart Neighborhood Market, Burlington Coat Factory, a proposed Verizon, Office Depot, O’Reilly Auto Parts, CVS, Cadillac, Family Dollar, Jeep, and many more.

The property is directly across from the 220-acre campus of Midwestern Baptist Theological Seminary, which has a total enrollment of 2,239 students. Several other schools are located near the property, including West Englewood Elementary School (449 students), Northgate Middle School (821 students), Davidson Elementary School (426 students), and St. Pius X High School (425 students). Located just six miles from downtown Kansas City, the property benefits from its close proximity to large industrial regions and major employers, including General Motors (2,235 employees), Ford (7,470 employees), Ameristar Casino (1,150 employees), and North Kansas City Hospital (2,513 employees), as well as the world headquarters of Cerner Corporation, the largest private employer in the Kansas City region. Additionally, the property is surrounded by densely-populated residential neighborhoods, with 143,508 residents living within a five-mile radius, providing a large customer base.

Contact Us About This Property

Vince & Ryan Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link