Available for Immediate Close of Escrow: Kneaders Bakery & Café Belton (Kansas City), MO | Opened August 24th, 2017 | Hard Corner | 15 Year Absolute NNN Lease

621 E Markey Pkwy Belton, MO 64012

621 E Markey Pkwy, Belton, MO, 64012
621 E Markey Pkwy, Belton, MO, 64012 621 E Markey Pkwy, Belton, MO, 64012
Property Type:
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Last Verified:
Oct 24, 2017

  • Brand New 2017 construction (Opened August 24, 2017) with a 15-year absolute NNN lease, no landlord responsibilities.
  • 10% rental increases every five years in the initial 15-year term and throughout the four (4), 5-year option periods.
  • The Property is located on the hard northwest corner of Markey Parkway and Missouri Highway Y (E 163rd Street).
  • Four Foods Group owns and operates 96 restaurants in seven States, with more than a dozen additional units scheduled to open in 2017 and dozens more in development; including: 44 Kneaders Bakery and Cafés, 48 Little Caesars, two R&R BBQs, and two Soda Shop stores.
  • Kneaders Bakery & Café's master franchisee, Four Foods Group, has been one of America's fastest growing companies over the past 5 years, appearing annually on Inc. 500 or Inc. 5,000.
  • The brand new Belton Gateway is anchored by Academy Sports + Outdoors and Hobby Lobby. This new 47-acre, $70 million, mixed-use retail complex and shopping facility is located at the intersection of I-49 and 163rd Street/Y Highway. Kneaders joins national retailers such as Marshalls, Ross, Cato, Party City, Petco, Fazoli’s and many more.
  • Y Highway is a highly sought after retail location due to the new interchange which carries over 85,000 vehicles per day. (Source: MoDOT, 2015)
  • Strong density of ±68,724 residents in a five-mile radius and ±280,635 residents in a ten-mile radius. (Source: Esri)

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.