4200 Sterling Ave
Kansas City, MO 64133
Whataburger · Commerce de détail Propriété À vendre

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 4200 Sterling Avenue 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 drive-thru restaurant situated on a high-visibility corner parcel directly off Interstate 70, benefiting from exceptional access and exposure. The site experiences more than 60,000 vehicles per day along Interstate 70 and 10,400 vehicles per day along Sterling Avenue, supporting strong regional and local consumer traffic. The Property is positioned within a dominant retail corridor in the Kansas City MSA and is surrounded by nationally recognized tenants including Walmart Supercenter, Lowe’s, Chipotle, McDonald’s, and Starbucks, which collectively drive significant consumer activity and cross-shopping demand. According to Placer.ai, the location reports approximately 311,000 annual visits and $3.6 million in annual sales, ranking in the top 73% of Whataburger locations statewide and in the top 77% within a 15-mile radius. Additionally, nearby retail anchors demonstrate strong economic fundamentals, with Walmart generating approximately 2.8 million annual visits and $148.1 million in annual sales and Lowe’s generating approximately 528,400 annual visits and $30.1 million in annual sales, reinforcing the strength of the surrounding trade area. The absolute NNN ground lease commenced in 2024 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.