For Sale
For Sale
-
Year Built
2015
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Overview
505-515 Westport Road (the “Property”) is a three-tenant trophy property, located in the heart of Kansas City’s
Westport District which is widely renowned for its boutique shops, restaurants and nightlife. The Property
features a three-tenant line-up with long lease terms, strong credit and desirable service-based businesses.Rare opportunity to invest in Kansas City’s premier urban entertainment district
Irreplaceable real estate in the heart of Westport situated along Westport Road between Mill Street and Pennsylvania Avenue
Newly constructed buildings built in 2015
Fully leased to three service-based tenants
Long-term leases with a weighted average remaining lease term of 7.5 years
Annual rent increases for all tenants provide growth in net operating income and a hedge against inflation
NNN leases allow for passive ownership
Immediate value-add opportunity through excess parking
Property Details
505-515 Westport Road - Portfolio
505-515 Westport Road (the “Property”) is a three-tenant trophy property, located in the heart of Kansas City’s
Westport District which is widely renowned for its boutique shops, restaurants and nightlife. The Property
features a three-tenant line-up with long lease terms, strong credit and desirable service-based businesses.
Rare opportunity to invest in Kansas City’s premier urban entertainment district
Irreplaceable real estate in the heart of Westport situated along Westport Road between Mill Street and Pennsylvania Avenue
Newly constructed buildings built in 2015
Fully leased to three service-based tenants
Long-term leases with a weighted average remaining lease term of 7.5 years
Annual rent increases for all tenants provide growth in net operating income and a hedge against inflation
NNN leases allow for passive ownership
Immediate value-add opportunity through excess parking
- Property TypeRetail
- Year Built2015
- Sale Price$3,850,000
- Total Acres0.15
- Will build to suitNo
- SewerNo
- Corner lotNo
- Property ID2163105