Whataburger 600 NW Barry Rd 3,751 SF 4-Star Retail Building Kansas City, MO 64155 $3,144,215 CAD ($838.23 CAD/SF) 5% Cap Rate

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 600 NW Barry Road in Kansas City, 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 consists of a newly constructed 2023 drive-thru restaurant situated on a corner parcel that benefits from strong visibility and combined daily traffic counts of over 50,000 vehicles. The Property is ideally positioned within the Kansas City MSA, a major Midwestern metro with 2.3 million residents, and is located in an affluent suburb with 157,604 residents and an average household income of $100,733 within a five-mile radius. Additionally, the site sits less than 15 minutes from the Kansas City International Airport, further enhancing long-term viability and consumer demand.
According to Placer.ai, the location ranks in the top 78th percentile of all Whataburger stores nationwide, underscoring its strength and resilience as a high-performing unit. The absolute NNN ground lease commenced in 2023 and features a firm 15-year term with 10% rent escalations every five years, as well as in each of the four (4), five (5)-year renewal options. Under the lease, the tenant is responsible for maintaining the entire property, providing investors with a true passive income stream with zero landlord responsibilities.