Link Representative For Property
Title
Executive Vice President, Tranzon Asset Advisors
Contact Phone
Affiliated Company
Tranzon
Asset Focus
Office
Retail
Industrial
Land
Multifamily
Special Purpose
Hospitality
Mixed Use
Listing Data Provided By
Address
10735 US-40 Independence Missouri 64055
Building/Land Information
Property Type
Retail
Property Subtype
Theme/Festival Center
Property Classification Description
Leased Entertainment Site/Development Opportunity
Zoning
Zoned C-2 (General Commercial)
Lot Size Acres
12.95
Corporate Surplus: Leased Entertainment Site/Dev. Opp. Independence, MO - FOR AUCTION
Description
Corporate Surplus
Leased Entertainment Site/Development Opportunity
Sale Date: 9/29/2022 @ 4:00 PM ET | 3:00 PM CT
Located near Kauffman Stadium, home of the Kansas City Royals, and Arrowhead Stadium, home of the Kansas City Chiefs, in addition to numerous other local attractions, there is no shortage of traffic in the area to generate business for this long term tenant - currently paying $81,000 annually, NNN. Currently operating as a family entertainment venue, this venue offers miniature golf, go-karts, video arcade, batting cages, and children’s climbing and playground area. This is a great opportunity to buy and evaluate redevelopment possibilities while maintaining a positive cash flow!
Annual Income: $81,000 - No Landlord Responsibilities
Current lease term runs through 6/30/25
Landlord can terminate with 60-day written notice; Tenant cannot.
Site Contains 12.95 +/- Acres (7.75+/- Acres in City of Kansas City/5.2 +/- Acres in City of Independence)
Parcels with Highway 40 Frontage Located in The City of Independence - Balance of Property in City of Kansas City
City of Independence Zoning: C-2 (General Commercial)/City of Kansas City Zoning: Mix of R-2.5, R-7.5, B1-1, B3-2
Zoned C-2 (General Commercial)
Wide Variety of Allowable Uses: Medical Facilities, Hospitality/Lodging, Retail and More
Subject Site Located Adjacent to I-70
Highway 40 Traffic Count: +/-14.500 VPD
Just Minutes from I-70 (DTC: 124,518) and I-435 (DTC: 99,485) Interchange
Personal property belongs to the tenant and does not convey with the real estate.
Please be sure to download the Property Information Package by clicking on the words above under “DOCUMENTS.” By downloading this package you will alert Tranzon to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.
Also available for download are a Phase I environmental report, New title commitment, Tenant lease with lease addendums, and relevant bankruptcy court documents
Tranzon Asset Advisors, Edward Durnil, MO Auctioneer #844, Vance Luksetich, MO RE Broker 2004015243
Leased Entertainment Site/Development Opportunity
Sale Date: 9/29/2022 @ 4:00 PM ET | 3:00 PM CT
Located near Kauffman Stadium, home of the Kansas City Royals, and Arrowhead Stadium, home of the Kansas City Chiefs, in addition to numerous other local attractions, there is no shortage of traffic in the area to generate business for this long term tenant - currently paying $81,000 annually, NNN. Currently operating as a family entertainment venue, this venue offers miniature golf, go-karts, video arcade, batting cages, and children’s climbing and playground area. This is a great opportunity to buy and evaluate redevelopment possibilities while maintaining a positive cash flow!
Annual Income: $81,000 - No Landlord Responsibilities
Current lease term runs through 6/30/25
Landlord can terminate with 60-day written notice; Tenant cannot.
Site Contains 12.95 +/- Acres (7.75+/- Acres in City of Kansas City/5.2 +/- Acres in City of Independence)
Parcels with Highway 40 Frontage Located in The City of Independence - Balance of Property in City of Kansas City
City of Independence Zoning: C-2 (General Commercial)/City of Kansas City Zoning: Mix of R-2.5, R-7.5, B1-1, B3-2
Zoned C-2 (General Commercial)
Wide Variety of Allowable Uses: Medical Facilities, Hospitality/Lodging, Retail and More
Subject Site Located Adjacent to I-70
Highway 40 Traffic Count: +/-14.500 VPD
Just Minutes from I-70 (DTC: 124,518) and I-435 (DTC: 99,485) Interchange
Personal property belongs to the tenant and does not convey with the real estate.
Please be sure to download the Property Information Package by clicking on the words above under “DOCUMENTS.” By downloading this package you will alert Tranzon to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.
Also available for download are a Phase I environmental report, New title commitment, Tenant lease with lease addendums, and relevant bankruptcy court documents
Tranzon Asset Advisors, Edward Durnil, MO Auctioneer #844, Vance Luksetich, MO RE Broker 2004015243
Location Description
Independence is known for the Truman Library & Museum, with exhibits detailing the life and career of the former U.S. president and hometown hero. At the Frontier Trails Museum, artifacts and wagon tours illustrate the pioneer era, while the nearby Community of Christ Temple has a visitors center tracing the area's Mormon heritage. There are a number of casual restaurants serving Italian and American comfort food.
Auction
Website
Sale Information +-
Sale Description
Corporate Surplus
Leased Entertainment Site/Development Opportunity
Sale Date: 9/29/2022 @ 4:00 PM ET | 3:00 PM CT
Located near Kauffman Stadium, home of the Kansas City Royals, and Arrowhead Stadium, home of the Kansas City Chiefs, in addition to numerous other local attractions, there is no shortage of traffic in the area to generate business for this long term tenant - currently paying $81,000 annually, NNN. Currently operating as a family entertainment venue, this venue offers miniature golf, go-karts, video arcade, batting cages, and children’s climbing and playground area. This is a great opportunity to buy and evaluate redevelopment possibilities while maintaining a positive cash flow!
Annual Income: $81,000 - No Landlord Responsibilities
Current lease term runs through 6/30/25
Landlord can terminate with 60-day written notice; Tenant cannot.
Site Contains 12.95 +/- Acres (7.75+/- Acres in City of Kansas City/5.2 +/- Acres in City of Independence)
Parcels with Highway 40 Frontage Located in The City of Independence - Balance of Property in City of Kansas City
City of Independence Zoning: C-2 (General Commercial)/City of Kansas City Zoning: Mix of R-2.5, R-7.5, B1-1, B3-2
Zoned C-2 (General Commercial)
Wide Variety of Allowable Uses: Medical Facilities, Hospitality/Lodging, Retail and More
Subject Site Located Adjacent to I-70
Highway 40 Traffic Count: +/-14.500 VPD
Just Minutes from I-70 (DTC: 124,518) and I-435 (DTC: 99,485) Interchange
Personal property belongs to the tenant and does not convey with the real estate.
Please be sure to download the Property Information Package by clicking on the words above under “DOCUMENTS.” By downloading this package you will alert Tranzon to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.
Also available for download are a Phase I environmental report, New title commitment, Tenant lease with lease addendums, and relevant bankruptcy court documents
Tranzon Asset Advisors, Edward Durnil, MO Auctioneer #844, Vance Luksetich, MO RE Broker 2004015243
Leased Entertainment Site/Development Opportunity
Sale Date: 9/29/2022 @ 4:00 PM ET | 3:00 PM CT
Located near Kauffman Stadium, home of the Kansas City Royals, and Arrowhead Stadium, home of the Kansas City Chiefs, in addition to numerous other local attractions, there is no shortage of traffic in the area to generate business for this long term tenant - currently paying $81,000 annually, NNN. Currently operating as a family entertainment venue, this venue offers miniature golf, go-karts, video arcade, batting cages, and children’s climbing and playground area. This is a great opportunity to buy and evaluate redevelopment possibilities while maintaining a positive cash flow!
Annual Income: $81,000 - No Landlord Responsibilities
Current lease term runs through 6/30/25
Landlord can terminate with 60-day written notice; Tenant cannot.
Site Contains 12.95 +/- Acres (7.75+/- Acres in City of Kansas City/5.2 +/- Acres in City of Independence)
Parcels with Highway 40 Frontage Located in The City of Independence - Balance of Property in City of Kansas City
City of Independence Zoning: C-2 (General Commercial)/City of Kansas City Zoning: Mix of R-2.5, R-7.5, B1-1, B3-2
Zoned C-2 (General Commercial)
Wide Variety of Allowable Uses: Medical Facilities, Hospitality/Lodging, Retail and More
Subject Site Located Adjacent to I-70
Highway 40 Traffic Count: +/-14.500 VPD
Just Minutes from I-70 (DTC: 124,518) and I-435 (DTC: 99,485) Interchange
Personal property belongs to the tenant and does not convey with the real estate.
Please be sure to download the Property Information Package by clicking on the words above under “DOCUMENTS.” By downloading this package you will alert Tranzon to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.
Also available for download are a Phase I environmental report, New title commitment, Tenant lease with lease addendums, and relevant bankruptcy court documents
Tranzon Asset Advisors, Edward Durnil, MO Auctioneer #844, Vance Luksetich, MO RE Broker 2004015243
Property Use
Investment
