1901 63Rd StKansas City, KS 66104

For Sale
$795,000

High-Yield Net Lease Daycare

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 6,000 square foot daycare center in Kansas City, Kansas, located at 1901 N 63rd St, 66104. Built in 2004, the property boasts a strong 100% occupancy rate under a Net Lease (NN) agreement with a single tenant. The current lease has a remaining term of 2 years, with a 5-year extension option. The asking price is $795,000, yielding an attractive 8.64% cap rate based on a current Net Operating Income (NOI) of $68,682. This property offers a stable income stream with minimal landlord responsibilities. Situated on a major corridor, the daycare center benefits from high visibility and convenient access. The lease includes scheduled rent increases, further enhancing the investment's long-term value. This is a prime retail investment opportunity, strategically positioned for growth and offering a secure return in a thriving location. The property is classified as retail, with a daycare/nursery subtype. The investment type is a net lease with a five-year initial lease term.

Highlights

  • $795,000 asking price for a 6,000 SF retail property.
  • Net-leased daycare center with an 8.64% cap rate.
  • NN lease with a single tenant, 100% occupancy, and $68,682 NOI.
  • Five-year lease with two years remaining and a five-year extension option.
  • Located at 1901 N 63rd St, Kansas City, KS 66104, built in 2004.

Property Details for 1901 63Rd St

Property type
Day care centers & nurseries, Other retail properties
Square Feet
6,000 SF
Year Built
2004

Location Insight

City
Kansas City
County
Wyandotte
State
Kansas
Latitude
39.1287071
Longitude
-94.7262093
1901 63Rd St, Kansas City, Kansas

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1901 63Rd St
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