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12424 US-71
Grandview, MO 64030
Whataburger · Retail Property For Sale

Investment Highlights

  • Kansas City MSA
  • Strong Store Performance
  • New Construction Drive-Thru QSR
  • Prime Highway Retail Location
  • Established Retail Corridor
  • Absolute NNN Ground Lease

Executive Summary

Northmarq, on behalf of ownership as its exclusive advisor, is pleased to present the opportunity to acquire the leased fee interest in the Whataburger property located at 12424 S US Highway 71 in Grandview, MO (“Property”). The Property is subject to a newly executed absolute NNN ground lease with Whataburger, a nationally recognized quick-service restaurant brand with more than 1,000 locations across the United States. The Property is strategically positioned within the Kansas City MSA, one of the largest metropolitan areas in the Midwest with approximately 2.3 million residents. The site features direct frontage along U.S. Highway 71, a major regional transportation corridor with approximately 80,000 vehicles per day, providing exceptional visibility and accessibility. The Property is located within an established retail corridor and is surrounded by nationally recognized tenants including Burlington, Ross, Five Below, TJ Maxx, Chipotle, and McDonald’s, which collectively drive significant consumer traffic and support long-term demand. According to Placer.ai, the location reports approximately 252,200 annual visits and $2.9 million in annual sales, demonstrating consistent customer traffic and solid operating performance. The surrounding retail concentration and strong consumer activity reinforce the strength of the trade area and support continued quick-service restaurant demand. Built as a modern drive-thru quick-service restaurant, the Property supports long-term tenant retention and future re-tenanting flexibility. The absolute NNN ground lease provides investors with a passive investment structure, with the tenant responsible for all property expenses and maintenance, resulting in zero landlord responsibilities and stable net income.

Property Facts

Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,228 SF
Building Class
C
Year Built
2024
Price
$3,258,946 CAD
Price Per SF
$1,009.59 CAD
Cap Rate
5.25%
NOI
$171,091 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.38 AC
Zoning
X

Property Taxes

Property Taxes

Parcel Number
64-810-01-06-01-0-00-000
Land Assessment
$84,069 CAD
Improvements Assessment
$1,161,436 CAD
Total Assessment
$1,245,505 CAD
  • Listing ID: 39645303

  • Date on Market: 2026-03-03

  • Last Updated:

  • Address: 12424 US-71, Grandview, MO 64030

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