• 505-515 Westport Rd, Kansas City, MO, 64111

For Sale

Retail

For Sale

This property is available for sale
0.15
Acres
$3,850,000
Sale Price
  • Year Built
    2015
  • 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

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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 Type
    Retail
  • Year Built
    2015
  • Sale Price
    $3,850,000
  • Total Acres
    0.15
  • Will build to suit
    No
  • Sewer
    No
  • Corner lot
    No
  • Property ID
    2163105

Landlord's Sales Representative

  • Mark Arensberg
    Colliers | Kansas City