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FOR SALE
$1,500,000

18-20 Westport Road
Kansas City, MO 64111

Retail
Commercial
3,789
Sq. Ft.
0.18
Acre Lot
Agent Websites> Missouri> Kansas City> 64111
This completely redeveloped, single-story property is NNN leased to Camp Bow Wow, offering a stable single-tenant investment opportunity in Kansas City's Westport district. Current NOI is $107,664.47, representing a 7.18% cap rate at the $1,500,000 asking price. The first of three 5-year renewal options has been exercised, with rent increasing to $34.63/SF beginning 7/1/29; the second and third options are at market rate beginning 7/1/34 and 7/1/39. Located on Westport Road between Baltimore Avenue and Main Street, the property is directly across from the newer 192-unit Katz apartment development and within walking distance of the KC Streetcar. The location benefits from strong residential density, nearby major employment centers, pedestrian and vehicular traffic, and its location within the Main Street CID. The building was completely redeveloped with a newer roof, storefront and glazing, updated plumbing and electrical systems, and new HVAC equipment with warranty, plus $500,000+ in tenant improvements. NNN lease structure provides minimal Landlord responsibilities.
2597139
Retail, 1 Story
Jackson
1946
0.18 Acres
1
True https://photos.prod.cirrussystem.net/993/ed44ac968f329b9073a79828324837b6/1886879651.jpeg 2597139
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Estimated Payment:

Principle & Interest
Taxes
Insurance
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