Dairy Queen | 20-Yr Abs. NNN | 10% Increase 8530 N Oak Trafficway

BROKER OF RECORD - Goldman Investment Advisors - CO0000311
Faris Lee Investments is pleased to present the rare opportunity to acquire fee simple interest (Land & Building) in a drive-thru, freestanding Dairy Queen property in Kansas City, Missouri. This quick-service restaurant is a high-performing location for the brand with sales above the brand’s average unit volume, and features a brand new, long-term, Absolute NNN lease with 10% rental increases every five years of the initial 20-year lease term and renewal options. This long-term lease provides additional security and stability for an investor. The drive-thru restaurant also sits on a rare 2.22- acre parcel fronting a major retail corridor and signalized intersection, making it a highly attractive investment property.
This Dairy Queen location has frontage/access to Oak Trafficway (18,900+ VPD) and benefits from the traffic created by the grocery-anchored shopping center adjacent to the property, which includes: Price Chopper, At Home, Walgreens, CVS, and more. Price Chopper is the grocery anchor of the trade area and the #3 visited Price Chopper nationwide with over 1.1M visitors in the last 12 months (Placer.ai). Because it is only ten miles from downtown Kansas City, residential communities surround and support this property. The trade area continues to grow, as a 249 townhomes community is under development just west of the subject property. In total, there are more than 145,000 residents within a 5-mile radius of this Dairy Queen in Kansas City, MO.