Dairy Queen 8803 MO-45 2,332 SF Retail Building Parkville, MO 64152 $3,318,000 CAD ($1,422.81 CAD/SF) 5.75% Cap Rate

MISSOURI BROKER OF RECORD....GOLDMAN INVESTMENT ADVISORS....License No. CO0000311
Faris Lee Investments is pleased to present the rare opportunity to acquire fee simple interest (Land & Building) in a drive-thru, freestanding Dairy Queen property in affluent Parkville, Missouri. This quick-service restaurant is a high-performing location for the brand with sales above the brand’s average unit volume, and features a brand new, long-term, Absolute NNN lease with 10% rental increases every five years of the initial 20-year lease term and renewal options. This long-term lease provides additional security and stability for an investor. The drive-thru restaurant also sits on a large 1.06-acre parcel fronting a grocery-anchored shopping center, making it a highly attractive investment property.
This Dairy Queen location in Parkville MO has frontage on Tom Watson Parkway (17,000+ VPD) and benefits from the traffic created by the Price Chopper grocery store, adjacent retailers, and community drivers. Price Chopper has had over 1M visitors in the last 12 months (Placer.ai) and ranks as the #6 most-visited location in the grocery chain. Parkville is an affluent community just 9 miles from downtown Kansas City, and known for its highly rated Park Hill School District. Within a 5-mile radius, the 98,000+ residents report an impressive Average Household Income of over $116,000. Parkville is growing rapidly, as the city expects the population counts to expand by 20% over the next 10 years. Additionally, this Dairy Queen will directly service a new 340-unit townhome community under development just west of the subject property.