5400 Troost Ave

Single tenant retail building on .225 AC +/-5400 Troost Avenue represents a premier investment opportunity to acquire a high-visibility, single-tenant asset at the gateway of Kansas City’s most dynamic academic and urban revitalization corridor. Occupying a prominent signalized corner at Troost Avenue and E 55th Street, the property is anchored by Tiki Taco, a rapidly expanding and iconic local brand. This offering is structured for a seamless transition, with the tenant entering into a brand-new, 10-year absolute triple-net (NNN) lease upon the close of escrow. This provides an investor with a completely passive income stream and zero landlord responsibilities, backed by a corporate guarantee from Island Time, Inc., which oversees the brand’s robust nine-unit regional footprint. The site’s location is arguably its strongest asset, situated directly adjacent to Rockhurst University and just 0.5 miles from the University of Missouri-Kansas City (UMKC). This placement ensures a built-in, stable consumer base of over 18,500 (+/-) students, faculty, and staff, supplemented by high-density vehicular traffic. Positioned between the upscale Country Club Plaza and the community-centric Brookside neighborhood, the property is a central anchor in the city’s strategic focus on the Troost revitalization and the nearby Nelson-Atkins development district. For the investor, this is a rare chance to own a high-exposure piece of Kansas City real estate with a committed, local-favorite tenant and significant long-term appreciation potential. Originally constructed in 1931, the building underwent a total top-to-bottom remodel in 2021. This comprehensive capital improvement project included all-new mechanical, electrical, and plumbing (MEP) systems, a new roof, high-efficiency windows, and a fully equipped commercial kitchen. Furthermore, the property has remediated all Phase II environmental concerns, providing a clean, turn-key asset for the long-term.