Retail Business for Sale in Kansas City, MO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Kansas City, MO 64114

Description

Marcus & Millichap is pleased to present for sale the fee-simple interest (ground and building) in a Valvoline Corporate absolute NNN leased property located in Kansas City, MO. The subject is an approximate 4,188-square foot, single-tenant building built in 2001 on approximately .92 acres of land. The existing lease has 9.75 +/- years remaining and contains three, five-year renewal options with 10% rent escalations every five years. *Speak with your CPA regarding Bonus Depreciation. Investment Highlights: • Valvoline, Inc. Corporate (NYSE:VV) Absolute NNN Lease • 25 Year Operating History at the Subject Property • Valvoline Instant Oil Change is a Division of Valvoline Inc., One of the Leading Worldwide Marketer and Suppliers of Automotive Lubricants and Supplies • Valvoline is the Second Largest Quick-Lube Chain in the United States (2,000+ Locations) Boasting Revenues of $3.1B in 2020 • The Subject Property is One Block from the I-435 on/off Ramps; I-435 is a Major Interstate Highway that Connects the Entire Kansas City Metro Area (144,815 VPD) • Dense, Affluent Demographics with 195,594 People and Average Household Incomes in Excess of $116,000 within a 5-Mile Radius of the Subject Property

Market Context

This retail in Kansas City, MO is listed for sale. It is offered at an approximate 5.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 67 days. Compare it against other retail listings for sale in Kansas City, MO — <a href="/search/sale/retail/missouri/kansas-city">view the full market</a>.

As of Q3 2019, the Kansas City retail market showed a 12.4% vacancy rate. Source: Colliers Q3 2019 market report.

Retail market FAQ

Is the Kansas City retail market tightening or softening?
Vacancy is around 12.4% (Q3 2019).

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