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For Sale | 100% Leased Multi-Tenant Retail Pad with Drive-Thru | Kansas City, Kansas

$3,650,000

10620 Parallel Parkway, Kansas City, KS 66109

Active
Last Updated: 10/07/2021

6

Cap Rate

219,173

NOI

Details:
Cap Rate:    6%
NOI:    $219,173
Building Size:    4,800 sqft
Lot Area:    0.88 acres
Lease Type:    Triple Net
Year Built:    2014
Highlights:
  • 100% Leased to Investment Grade Tenants | Corporate Guaranteed Leases
  • Prime Location Surrounded by Major Retail Destinations and Top Tourist Attractions
  • Signalized Hard Corner Retail Pad w/Drive-Thru | High Traffc Volume Location
  • Pride of Ownership | Well Maintained High-Quality Construction
  • Superior Location Across from the Main Entrance to the 1.2M SF Legends Outlets
Description:

Commercial Retail Associates, Inc. is pleased to have been selected as the exclusive listing agent for the sale of this well-maintained two-tenant retail pad building located at the signalized hard corner of Parallel Parkway and 106th Street in Kansas City, Kansas. The approximate 4,800 square foot retail building which is situated on nearly one acre of land is 100% leased to two corporate investment grade tenants with globally recognized brands. The subject property is well positioned at a signalized entrance to the Plaza at the Speedway, a regional shopping center anchored by Wal-Mart, Sam’s Club, and Kohl’s. The subject property tenants cater not only to the neighboring population and business in the area, but also the millions of visitors and tourists that stay and play at the surrounding entertainment, sporting, and shopping venues. This offering presents an investor with an opportunity to acquire a pride of ownership, multi-tenant retail building equipped with a drive-thru that is 100% leased to quality tenant’s that have a track record of performance at the subject property.

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