Hooters

6411 Northwest Barry Road, Kansas City, MO 64154

$2,119,015

Cap Rate 7.00%

Views: 145 DOM: 233 Updated: 09.06.24 Posted: 03.27.24 Status: Active

Summary

Price $2,119,015	Built/Renov 2000	Tenant Hooters
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 4,096	Lease Start 02-06-2014	#Units 370
Price/SF $517.34	Expiration 05-05-2034	Tenant Type Casual Dining
NOI $148,331	R. Term 9.5	Ownership Fee Simple
Rent/SF $36.21	Increases 8.5%/5/yrs	Pop 5Mi 116,294
Lot/AC 0.88	Options 4/5yrs/8.5%	AHHI 5Mi $120,158

Kaveh Ebrahimi

Helios

Contact

Lease Highlights

Hooters has 10 years remaining on the current lease term with 4 (5-year) options to extend
The lease features 8.5% rental escalations every 5 years throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Hooters is strategically located on NW Barry Road, with access to 25,000 vehicles passing by daily. The property is situated just off Interstate 29, which sees a substantial traffic count of 77,000 vehicles. Additionally, it is surrounded by well-known national tenants including Chick-fil-A, Starbucks, Hobby Lobby, McDonald’s, Popeyes, Texas Roadhouse, and more. Moreover, it is less than 15...

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Key Features

In location for years
Dense retail corridor
Near major nationals
Freeway visibility
Top 100 MSA
Strong demographics
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Over 100 Units backed

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Links

Hooters Wikipedia Hooters Wikipedia Kansas City, Missouri Zip Code 64154 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Hooters
Guarantor:Corp Traded
Company:Hooters of America, LLC
# Units:370
Stock:Private

About Tenant

Hooters is a beach-themed casual restaurant that features music, sports on large flat screens, and a menu that includes seafood, sandwiches, burgers, salads, and of course, the restaurant's...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	11,064	56,783	121,625
2023 Total Population :	10,780	54,008	116,350
2023 Employed Civilian Pop :	6,056	30,747	64,204
2023 Total Businesses :	610	1,561	3,358
2023 Average Household Income :	$ 93,781	$ 110,866	$ 105,982
2023 Total Consumer Spending :	$ 398 M	$ 2216 M	$ 4417 M
2023 Median Age :	38	39	39
2023 Total Households :	4,901	23,238	48,375
2023 Pop Age 25+: Bachelor's Degree :	2,125	11,683	22,610
2023 Average Home Value :	$ 268,859	$ 320,917	$ 319,170

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
NW Barry Rd	I- 29	2018	4,340	0.21 mi
	NW Barry Rd	2022	11,736	0.25 mi
	I- 29	2022	4,190	0.27 mi
I- 29	NW Barry Rd	2018	12,156	0.28 mi
	NW Barry Rd	2022	10,687	0.30 mi
	N St Clair Ave	2022	12,376	0.33 mi
NW Prairie View Rd	NW 83 St	2016	8,988	0.35 mi
	N Ambassador Dr	2022	12,376	0.35 mi
I- 29	NW Barry Rd	2000	58,087	0.37 mi
Northwest Barry Road	NW Waukomis Dr	2022	10,300	0.38 mi

Listing Broker

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