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Carvana Kansas City 1700 W 29th St 6,002 SF Retail Building Kansas City, MO 64108 $9,059,000 ($1,509.33/SF) 6.75% Cap Rate
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding Carvana investment property located in Kansas City, Missouri. The tenant, Carvana, LLC has approximately 17 years remaining with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features increases equal to the lesser of (i) 9.608413% or (ii) 1.25x CPI throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
6,002 SF
Building Class
B
Year Built
2019
Price
$9,059,000
Price Per SF
$1,509.33
Cap Rate
6.75%
NOI
$611,476
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.22 AC
Opportunity Zone
Yes
Zoning
General Commercial
Parking
46 Spaces (7.66 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 29-920-20-08-00-0-00-000 | Improvements Assessment | $1,749,242 |
| Land Assessment | $239,562 | Total Assessment | $1,988,804 |
Property Taxes
Parcel Number
29-920-20-08-00-0-00-000
Land Assessment
$239,562
Improvements Assessment
$1,749,242
Total Assessment
$1,988,804
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Carvana Kansas City | 1700 W 29th St
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