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101 Armour Rd
North Kansas City, MO 64116
Retail Property For Sale


EXECUTIVE SUMMARY
101 Armour Road is a 21,285 square foot mixed-use building in North Kansas City, Missouri. The property is situated along the south side of Armour Road between Burlington Street and Swift Avenue in the heart of North Kansas City. The property presents a unique opportunity to acquire a trophy asset in one of the fastest growing submarkets in Kansas City.
Stabilized Investment
The property is fully occupied by three tenants: Hawaiian Bros, RailCrew Xpress and Premier Integrative Health. The tenant mix of a popular restaurant user and two office users offers diversification in the rent roll. Each of the tenants have occupied their space for five or more years.
Premier Location
The property is located in the center of one of Kansas City’s most sought after submarkets for redevelopment. Several new multifamily projects have been completed or are under construction within North Kansas City, including the Oxbow Apartments located adjacent to the property and was completed in 2023. 861 apartment units have been built within a one-mile radius of the property within the last three years and an additional 339 units are currently under construction.
Restaurant Anchor
The property is anchored by Hawaiian Bros, a widely popular and rapidly growing restaurant concept that originated in Kansas City in 2018. Hawaiian Bros has expanded into 14 states with more than 70 locations. The restaurant space is beautifully designed and furnished and offers tremendous curb appeal for the building.
Strong Demand
The property is located in the City of North Kansas City, which historically has drawn a high demand for industrial and office space. North Kansas City is not subject to the Kansas City earnings tax, providing an incentive for employers to locate in North Kansas City while still being adjacent to Downtown Kansas City with easy access to the suburbs.
Stabilized Investment
The property is fully occupied by three tenants: Hawaiian Bros, RailCrew Xpress and Premier Integrative Health. The tenant mix of a popular restaurant user and two office users offers diversification in the rent roll. Each of the tenants have occupied their space for five or more years.
Premier Location
The property is located in the center of one of Kansas City’s most sought after submarkets for redevelopment. Several new multifamily projects have been completed or are under construction within North Kansas City, including the Oxbow Apartments located adjacent to the property and was completed in 2023. 861 apartment units have been built within a one-mile radius of the property within the last three years and an additional 339 units are currently under construction.
Restaurant Anchor
The property is anchored by Hawaiian Bros, a widely popular and rapidly growing restaurant concept that originated in Kansas City in 2018. Hawaiian Bros has expanded into 14 states with more than 70 locations. The restaurant space is beautifully designed and furnished and offers tremendous curb appeal for the building.
Strong Demand
The property is located in the City of North Kansas City, which historically has drawn a high demand for industrial and office space. North Kansas City is not subject to the Kansas City earnings tax, providing an incentive for employers to locate in North Kansas City while still being adjacent to Downtown Kansas City with easy access to the suburbs.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
21,285 SF
Building Class
B
Year Built/Renovated
1945/2019
Price
$7,409,928 CAD
Price Per SF
$348.13 CAD
Cap Rate
7%
NOI
$518,515 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.41
Lot Size
1.19 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
15 Spaces (0.7 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 17-609-00-05-001.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,614,395 CAD |
PROPERTY TAXES
Parcel Number
17-609-00-05-001.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,614,395 CAD
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