Papa Murphy's & Valvoline Instant Oil Change
Independence,
MO
PROPERTY INFORMATION
PRICE SUMMARY
$ 2431975
CAP RATE
6.13 %
NOI
$ 149080
TOTAL LOT SIZE
0.77 Acres
BUILDING SIZE
3360 SF
PROPERTY HIGHLIGHTS
- Stable Investment: Valvoline LLC (NYSE-listed) Guarantees Income With a Strong Corporate Credit on an Absolute NNN Lease, Featuring 10% Rent Increases Every 5 Years
- Experienced Operator: Papa Murphy’s Lease Backed by Papa Partner’s LLC (20+ Units) - Tenant Recently Exercised an Option Early, Showing Strong Site Commitment
- Stable Income With 8.8-Year WALT: Tenants Have Shown Commitment Through Early Renewals and Long Lease Terms
- High-Traffic Corridor: Outstanding Visibility Along E 23rd St S With 13,000+ Vehicles per day
- Established Retail Trade Area: Surrounded by Major National Brands Like Hy-Vee, Aldi, Tractor Supply Co., Price Chopper, and Multiple Dollar Store Concepts
- Dense Residential Base: Over 151,000 Residents Within 5 Miles
- Proximity to Kansas City’s Urban Core: Just 11 Miles From Downtown Kansas City, Missouri’s Largest City by Population and Economic Output
- Limited Small-Format Retail: Less Than 2.5% Availability for Properties Under 5,000 SF, Ensuring Leasing Stability and Pricing Power
Papa Murphy's & Valvoline Instant Oil Change
|
1531 A E 23rd St,
Independence,
MO
64055
-
POINT OF CONTACT
In cooperation with Brian Brockman at Bang Realty-Missouri Inc | MO #2017032771 | bor@bangrealty.com | (513) 898-1551
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