Fazoli's NNN Property For Sale — Lee's Summit, MO
SE State Route 291, Lee's Summit, MO unknown
This single-tenant Fazoli's property, situated within the dynamic Kansas City MSA in Lee's Summit, MO, offers a compelling investment opportunity. The tenant has successfully operated at this location since July 1997, benefiting from a strategic position with below-market rent. The triple net lease structure ensures zero landlord responsibilities, providing a hassle-free investment. The property boasts a strong rent-to-sales ratio, approaching 6%. The 3,649 square-foot building is exceptionally well-located on SE State Route 291, a major thoroughfare with high traffic counts, and is conveniently close to U.S. Route 50, offering excellent access to Kansas City. The location is further enhanced by its proximity to a diverse array of national retailers and its less than one-mile distance fro…
- Address: SE State Route 291, Lee's Summit, MO unknown
- Asking price $9.96M
- 5.40% cap rate
- NOI $63,750
- 5.8 years remaining
- NNN lease
- Year built: 1995
- Building size: 3,649 SF
- Lot size: 1.39 acres
- Lease expiration: Jul 2, 2032
- Rent increases: 2% annually
- Guarantor: Corporate
Location
This Fazoli's property is at SE State Route 291 in Lee's Summit, Missouri.
Asset type: QSR