Dairy Queen Property Images & Information
Dairy Queen Property Description
Missouri Broker of Record Goldman Investment Advisors License No. C00000311
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.
Exclusive Investment Highlights
- High-Performing, Drive-Thru Dairy Queen Restaurant
- 20 Year Absolute NNN Lease
- Freestanding Hard Corner Location at Intersection - Excellent Visibility
- Located Adjacent From #3 Visited Price Chopper Nationwide (Placer.ai)
- Desirable Suburb of Kansas City | 10 Miles Away From Downtown Kansas City | AHHI $90,628 within A 5-Mile Radius
- Rare Large 2.2 Acre Parcel on Signalized Hard Corner
Area Overview
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.
(subject to change) $2,722,608 CAP RATE: 5.75%
Financial Snapshot
| Net Operating Income | $156,550.00 |
|---|---|
| Rentable SF | 3,900 SF |
| Lot Size (Acres) | 2.22 AC |
| Year Built | 2018 |
| APN | See OM |
| Zoning | Commercial |