Overview
Single-tenant, absolute net-leased QuikTrip on a signalized corner on E. Truman Road in Independence, Missouri (Kansas City MSA).
Investment highlights
- Absolute net lease to QuikTrip, current term through July 31, 2028
- Three 5-year renewal options remaining
- Corporate guarantee
- 4,906 SF building on 1.76 acres
- Built 2002
- Signalized corner on E. Truman Road, Kansas City MSA
Property details
- Tenant
- QuikTrip (corporate)
- Property type
- Convenience store with fueling station
- Building / land
- 4,906 SF building on 1.76 acres (76,732 SF); built 2002
- Lease
- Absolute net; initial 20-year term (Aug 2003 – Jul 2023), first 5-year option exercised, current term through July 31, 2028; three 5-year options remaining
Tenant overview
QuikTrip operates convenience stores with fueling stations. This property has been leased to QuikTrip since August 2003 under an absolute net lease, with the tenant responsible for roof and structure.
Offering memorandum
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