16912 23Rd StIndependence, MO 64057

This exceptional investment opportunity presents a 1,415 square-foot, single-tenant Take 5 Oil Change property located at 16912 East 23rd St S, Independence, MO 64057, within the Kansas City MSA. The property, built in 2024 and boasting 100% occupancy, sits on a 0.73-acre lot at a signalized intersection with over 65,000 vehicles passing daily. This absolute NNN lease offers a 15-year term with five 5-year renewal options and attractive 10% rent bumps every five years, ensuring consistent income growth. The property's strong financial performance is reflected in its 7.00% cap rate and $110,000 annual net operating income (NOI). The asking price is $1,571,429, translating to $1,110.55 per square foot. The tenant, Take 5 Oil Change, is a subsidiary of Driven Brands (NASDAQ: DRVN), a leading automotive services company with over 1,000 locations nationwide and significant expansion plans. The surrounding area features a robust mix of national retailers, including Price Chopper, Tractor Supply Company, Hy-Vee, ALDI, and many others, indicating a strong retail environment. Furthermore, the property benefits from a dense population base, with over 148,000 people residing within a five-mile radius and an average household income exceeding $81,764. This e-commerce resistant business model, coupled with the long-term lease and strategic location, makes this a compelling investment opportunity with significant potential for long-term returns. The operator, Driven Assets, has exclusive rights to operate in the Kansas City metro area and plans to open 16 additional locations.