Chick-fil-A | Ground Lease Independence, MO

18785 East 39th Street South
Independence, MO

Price: $3,726,800
Cap Rate: 3.75%
NOI: $139,755
Building Size: Approx. 4,297 Sq. Ft.
Lot Size: Approx. 0.85 Acres
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built: 2008

Investment Overview

  • 2008 Construction. 4,297+/- SF Building on 0.85+/- Acre Site
  • New Corporate Guaranteed Absolute NNN Ground Lease Extension w/ 10% Rental Increases in 2033 & Options
  • High-Traffic Location off of I-70 (91K VPD) & I-470 (61K VPD) on East 39th St (17K VPD)
  • Subject Property is a Pad Site to the Independence Center Mall (Over 80 Stores)
  • Strong Income Demographics w/ est. $80,724 within a 1-Mile Radius
  • Chick-fil-A is the 3rd Largest Restaurant Chain in the US with Continued Growth
  • Independence | 5th Largest City in Missouri | Population: 117,000+