Highlights
• High-performing drive-thru Dairy Queen – affluent Kansas City suburb • Dense trade area with new residential communities under development • 20-year absolute NNN lease – no landlord responsibilities • Large outparcel adjacent to top-visited grocery-anchored shopping center
Description
Faris Lee Investments is pleased to present a rare opportunity to acquire fee simple interest (land and building) in a drive-thru, freestanding Dairy Queen in Parkville, Missouri, an affluent suburban community. This high-performing location exceeds the brand’s average unit volume and is secured by a long-term Absolute NNN lease with 10% rent increases every five years during the initial 20-year term, along with renewal options, providing investors with long-term income stability and security. The property sits on a 1.06-acre parcel fronting a grocery-anchored shopping center, enhancing its visibility and investment appeal. The Dairy Queen enjoys frontage along Tom Watson Parkway (17,000+ VPD) and benefits from the traffic generated by the adjacent Price Chopper grocery store, which ranked #6 in the chain for most-visited locations with over 1 million visits in the past year (Placer.ai). Parkville is a highly desirable area located just nine miles from downtown Kansas City, served by the well-regarded Park Hill School District. Within a five-mile radius, over 98,000 residents report an average household income exceeding $116,000. The city’s population is projected to grow by 20% over the next decade. Additionally, the property will serve a new 340-unit townhome community currently under development immediately west of the site, further supporting future traffic and sales. This offering represents a rare opportunity to acquire a prime, passive QSR investment in a growing, affluent market.
Listing Details
- Cap Rate
5.75%
- Tenancy
Single
- Space Type
Retail
- Sub Category
Fast Food/QSR
- Sale Type
Investment Sale
- Date Listed
10/24/2025
- Investment Type
Net Lease
- Net Operating Income
$138,000
- Parking Info
33 Spaces (14.15 Spaces per 1,000 SF Leased)
- Building FAR
0.05
Property Specifics
- Property Name
Dairy Queen | 8803 MO-45
- Property Class
B
- No of Buildings
1
- No of Stories
1
- No of Units
1
- Year Built
2022
- Building Size
2,332 SF
- Lot Size
1.06 Ac
- APN
20-70-26-100-002-003-000
- Zoning
Commercial