Taco Bell - Basehor, KS - Kansas City MSA
2,100 SF | Retail Building | Basehor, KS 66007 | $3,028,000 ($1,442/SF) | 5.35% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,028,000
- Sale Condition
- 1031 Exchange
- Property Type
-
Retail
- Square Feet
- 2,100 SF
- Price / Square Foot
- $1,442
Listing Contacts
Jeff Christian
Verified Profile
Chris Hollenbeck
Verified Profile
Bob Stolkin
Verified Profile
Drew MacNab
Verified Profile
- Property Info
Property Overview
First Street Brokerage is pleased to offer for sale the latest Taco Bell development in Kansas City backed by Royal City Bell, LLC. ("RCB") The Principals of RCB independently operate numerous other Taco Bell franchises with over 300 locations.
With a 20-year NNN lease to be delivered upon close of escrow, this sale presents a fantastic opportunity for a stable investment. Pro forma net operating income is projected to be $159,000 with rental payments commencing in December of 2023. Rent increases of 8% are scheduled every five years and the tenant is offered four 5-year extensions.
Conveniently located near the Kansas Speedway, which sees around 440,000 visitors a year, the property is positioned within a historically thriving community which is projected for further growth. Average household incomes within a 5-mile radius are well positioned at $120,669, creating a profitable customer base for tenants.
With a 20-year NNN lease to be delivered upon close of escrow, this sale presents a fantastic opportunity for a stable investment. Pro forma net operating income is projected to be $159,000 with rental payments commencing in December of 2023. Rent increases of 8% are scheduled every five years and the tenant is offered four 5-year extensions.
Conveniently located near the Kansas Speedway, which sees around 440,000 visitors a year, the property is positioned within a historically thriving community which is projected for further growth. Average household incomes within a 5-mile radius are well positioned at $120,669, creating a profitable customer base for tenants.
Property Details
- Year Built
- 2023
- Stories
- 1
Highlights
- December 2023 Construction - with Drive Thru
- Royal City Bell - Experienced Tenant - 73+ Units (and growing)
- New 20 year NNN Lease at COE
- $125,000 Average HH Income - 1 mile
- Near Kansas Speedway - 440,000 visitors annually
- Kansas City MSA - total population 2.2 million
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