5400 Troost Ave
Kansas City, MO 64110
Retail Property For Sale

5400 Troost Avenue represents a premier investment opportunity to acquire a high-visibility, single-tenant asset at the gateway of Kansas City’s most dynamic academic and urban revitalization corridor. Occupying a prominent signalized corner at Troost Avenue and E 55th Street, the property is anchored by Tiki Taco, a rapidly expanding and iconic local brand. This offering is structured for a seamless transition, with the tenant entering into a brand-new, 10-year absolute triple-net (NNN) lease upon the close of escrow. This provides an investor with a completely passive income stream and zero landlord responsibilities, backed by a corporate guarantee from Island Time, Inc., which oversees the brand’s robust nine-unit regional footprint. The site’s location is arguably its strongest asset, situated directly adjacent to Rockhurst University and just 0.5 miles from the University of Missouri-Kansas City (UMKC). This placement ensures a built-in, stable consumer base of over 18,500 (+/-) students, faculty, and staff, supplemented by high-density vehicular traffic. Positioned between the upscale Country Club Plaza and the community-centric Brookside neighborhood, the property is a central anchor in the city’s strategic focus on the Troost revitalization and the nearby Nelson-Atkins development district. For the investor, this is a rare chance to own a high-exposure piece of Kansas City real estate with a committed, local-favorite tenant and significant long-term appreciation potential. Originally constructed in 1931, the building underwent a total top-to-bottom remodel in 2021. This comprehensive capital improvement project included all-new mechanical, electrical, and plumbing (MEP) systems, a new roof, high-efficiency windows, and a fully equipped commercial kitchen. Furthermore, the property has remediated all Phase II environmental concerns, providing a clean, turn-key asset for the long-term. NOTE: Please do not contact or disturb the tenant, property employees, or customers. All property tours and communications must be coordinated exclusively through the listing broker. Unauthorized contact may disrupt business operations.