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QuikTrip 1401 Armour Rd

5,366 SF 100% Leased 4-Star Retail Building North Kansas City, MO 64116 $7,198,000 ($1,341/SF) 5.50% Cap Rate

Retail Space Missouri North Kansas City 1401 Armour Rd, North Kansas City, MO 64116

Investment Highlights

  • ABSOLUTE NNN LEASE: There are zero landlord responsibilities as the tenant is directly responsible for all CAM, taxes, and insurance
  • LONG-TERM LEASE: There are ±10.5 Years remaining on the initial lease term. The lease features Ten (10) Five-Year options to extend
  • SIGNALIZED CORNER LOT: This asset is strategically located on Armour Rd (±33,600 VPD), positioned right off of I-35 (±108,2000 VPD)
  • CORPORATE GUARANTEE: The lease is backed by QuikTrip Corporation ($11B), Strong Credit Tenancy with ±1,085 locations Nationwide
  • GENERATION 3 STORE FORMAT: This asset is QuikTrip’s newest store format, featuring a larger kitchen and a more up-to-date exterior
  • POTENTIAL 60% BONUS DEPRECIATION: Fee Simple Ownership of subject property may allow the landlord to use the Accelerated Bonus Depreciation Model

Executive Summary

Broker of Record
Kyle Matthews
License No. 2022018843 (MO)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Attachments

Quiktrip 1401 Armour Rd, North Kansas City, MO - OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,366 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2019
Price
$7,198,000
Price Per SF
$1,341
Cap Rate
5.50%
NOI
$395,868
Percent Leased
100%
Building Height
1 Story
Building FAR
0.07
Land Acres
1.88 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Frontage
491 FT on Armour Road

Links

1 of 1

Nearby Major Retailers

Ymca
Old Chicago Pizza
Starbucks
Denny's
Bank of America
First Watch
Sunbelt Rentals
Hawaiian Bros Island Grill
IHOP
Central Bank of the Ozarks

PROPERTY TAXES

Parcel Number 17-611-00-04-001.00 Improvements Assessment $0
Land Assessment $0 Total Assessment $804,060

PROPERTY TAXES

Parcel Number
17-611-00-04-001.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$804,060
(312) 690-6274

  • Listing ID: 33567554

  • Date on Market: 10/18/2024

  • Last Updated:

  • Address: 1401 Armour Rd, North Kansas City, MO 64116

More public record information on 1401 Armour Rd, North Kansas City, MO 64116

The Retail Property at 1401 Armour Rd, North Kansas City, MO 64116 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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1401 Armour Rd, North Kansas City, MO for sale Primary Photo- Image 1 of 4
Quiktrip - 1401 Armour Rd - Hero 1 Watermark (1)
1401 Armour Rd, North Kansas City, MO for sale Building Photo- Image 2 of 4
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1401 Armour Rd, North Kansas City, MO for sale Building Photo- Image 3 of 4
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QuikTrip | 1401 Armour Rd
(312) 690-6274 x

QuikTrip | 1401 Armour Rd

1/2

Nick Seltzer

(312) 690-6274

(312) 690-6274

Patrick Forkin

(773) 279-5390

(773) 279-5390

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