5675 Bannister rd - Freestanding FOR SALE


Kansas City, MO 64137
$2,883,000 USD
704-697-1900
5675 Bannister rd, Kansas City, MO for Sale
$2,883,000 USD
Freestanding - FOR SALE
1/5
null | 6.25% Cap Rate

5675 Bannister rd
Kansas City, MO 64137


HIGHLIGHTS

  • Accessible Location on Highly Trafficked Road
  • Corporate Guaranty From Credit Worthy Tenant
  • Attractive Lease Fundamentals

OVERVIEW

Strategically Located in Retail Node - Outparcel to a recently relocated Price Chopper Store (relocated for a larger footprint) - Over 732K SF of retail space within a 1-mile radius - Nearby national retailers include: Price Choppers, Home Depot, Taco Bell, Hardee’s, Wendy’s, and Firestone Doorstep of Oracle Cerner Innovations Campus - Subject site is located directly across the street from Oracle’s new Cerner Innovation Campus, a $1B, Class-A Office Development - 290 acre - 3.7MSF campus that houses an estimated 16K employees - Recent consolidation of two other campuses Accessible Location on Highly Trafficked Road - Fronting Bannister Rd (17,718 VPD) with cross access through the Shopping Center at two full access intersections - Directly off of interstate 435 (85K VPD) - On the corner of a lighted intersection of Bannister Rd and Hillcrest Rd (22K VPD) Attractive Lease Fundamentals - NN Lease provides minimal landlord responsibilities (New Roof) - Corporate Guaranty by Heartland Dental - 10% Rental increases every 5 years, including option periods Corporate Guaranty From Credit Worthy Tenant - Heartland Dental is the largest dental support organization in the United States - Over 1,800 locations - 2023 Total revenue was $3B New Construction - The building was recently constructed - Transferable roof warranties in place

FOR SALE DETAILS

PRICE

$2,883,000 USD

PRICE/SF

$686 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.