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1401 Armour Rd
North Kansas City, MO 64116

$7,198,000 USD

Convenience Store For Sale  •  5,366 SF

Property Details

• Property Type Convenience Store
• Total Building Size 5,366 SF
• Lot Size 1.88 AC
• Building Class A
• Year Built 2019

0 Transit Score

51 Walk Score

Highlights

ABSOLUTE NNN LEASE: There are zero landlord responsibilities as the tenant is directly responsible for all CAM, taxes, and insurance

CORPORATE GUARANTEE: The lease is backed by QuikTrip Corporation ($11B), Strong Credit Tenancy with ±1,085 locations Nationwide

LONG-TERM LEASE: There are ±10.5 Years remaining on the initial lease term. The lease features Ten (10) Five-Year options to extend

GENERATION 3 STORE FORMAT: This asset is QuikTrip’s newest store format, featuring a larger kitchen and a more up-to-date exterior

SIGNALIZED CORNER LOT: This asset is strategically located on Armour Rd (±33,600 VPD), positioned right off of I-35 (±108,2000 VPD)

POTENTIAL 60% BONUS DEPRECIATION: Fee Simple Ownership of subject property may allow the landlord to use the Accelerated Bonus Depreciation Model

Public Transportation

Commuter Rail	Drive	Walk	Distance
Kansas City (Lincoln Service Missouri River Runner - Amtrak, Missouri River Runner - Amtrak, Southwest Chief - Amtrak)	10 min	-	5.5 mi
Airport	Drive	Walk	Distance
Kansas City International	23 min	-	17.5 mi