921 Minnesota Ave | Kansas City, KS 66101
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- LoopNet Team
921 Minnesota Ave
Kansas City, KS 66101
Fresenius| New Development | 11 Yr Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Investment-Grade Tenant – Fresenius Medical Care is the largest provider of renal care in the United States W/ BBB Credit Rating from S&P
- The rent increases 1.5% annually starting in the 4th year of the base term, providing investors with a hedge against inflation
- The lease is backed by a corporate guarantee from Fresenius’ corporate parent, Fresenius Medical Care Holdings, Inc.
- New Location with Comprehensive Renovations – This property is a brand-new location for Fresenius that has been extensively renovated in 2023.
- The Kansas City metro area has a young and growing population. The median age is 36, which is below the national average.
- Long-term lease: The current lease term expires in 2034, with three 5-year renewal options.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,605 SF
Building Class
B
Year Built
1930
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.22
Lot Size
0.88 AC
Zoning
KCD - Kansas City Central Business District
Parking
50 Spaces (11.63 Spaces per 1,000 SF Leased)
Frontage
246’ on Minnesota Avenue
PROPERTY TAXES
| Parcel Number | 080600 | Improvements Assessment | $23,518 |
| Land Assessment | $8,208 | Total Assessment | $31,726 |
PROPERTY TAXES
Parcel Number
080600
Land Assessment
$8,208
Improvements Assessment
$23,518
Total Assessment
$31,726
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