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Pilot

8801 NE Birmingham Road, Kansas City, MO 64161

$12,960,000

Cap Rate 5.00%

Views: 119 DOM: 358 Updated: 08.06.24 Posted: 11.29.23 Status: Active

Summary

Price $12,960,000
Built/Renov 1997
Tenant Pilot
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 8,797
Lease Start 04-14-2022
#Units 650
Price/SF $1,473.23
Expiration 04-13-2042
Tenant Type Convenience/Gas
NOI $648,000
R. Term 17.4
Ownership Fee Simple
Rent/SF $73.66
Increases 10.0%/4/yrs
Pop 5Mi 105,761
Lot/AC 3.98
Options 4/5yrs/10%
AHHI 5Mi $62,859

Gabriel Britti
Marcus & Millichap
Contact

Ronnie Issenberg
Marcus & Millichap
Contact

Lease Highlights

  • Pilot has 18+ years remaining on its current lease term with 4 (5-year) options to extend
  • Lease features an increase of 10% every 5 years throughout the initial term & at beginning of each option
  • Absolute NNN Lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Pilot is strategically located on NE Birmingham Road, situated just off Missouri 210, with access to 32,921 vehicles passing by daily. Additionally, the property is conveniently positioned one mile from Interstate 435 (70,263 VPD), which leads east to Peoria and Chicago. Across the street is the Ameristar Casino Hotel with 1.2 million visitors annually according to Placer.ai. Within a 3-mile...

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Key Features

  • Oversized lot

  • Strategically located

  • Freeway close

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Long 15+ yr lease

  • Absolute NNN

  • Accelerated depreciation

  • Traded and rated company

  • Corporate Guarantee

    • ...

Links

Pilot Flying J Wikipedia Pilot Flying J Wikipedia Kansas City, MO Zip Code 64161 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Pilot Travel Centers LLC (“Pilot” or “PTC”) is the largest operator of travel centers in North America. The company operates primarily under the names Pilot or Flying J. Pilot’s travel centers...


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Listing Broker

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