Hanley Investment Group Real Estate Advisors has arranged the sale of a new-construction, single-tenant Starbucks Drive-Thru at One North in North Kansas City, Missouri, for $2.334 million.
The property is located adjacent to Interstate-35 on/off ramps, the most-trafficked north/south interstate through Kansas City.
Hanley Investment Group’s Executive Vice Presidents Jeff Lefko and Bill Asher, in association with ParaSell, Inc., represented the seller and developer, Woodsonia Real Estate, Inc., based in Omaha, Nebraska. The buyer was a private investor based in Warrensburg, Missouri.
The Starbucks-occupied property is located on 1.13 acres at the hard corner, signalized intersection of Armour Road and Taney Street at 1930 Diamond Parkway, and has accessibility and visibility along Armour Road, a major retail corridor through North Kansas City (34,157 cars per day). Its strategic location adjacent to the Interstate 35/Interstate 29 on/off ramps (67,961 cars per day) brings additional visibility.
Starbucks has more than 34,000 stores worldwide and is the premier roaster and retailer of specialty coffee in the world. In March, the company confirmed its plans to expand to approximately 55,000 company-operated and licensed stores across 100 markets by 2030.
U.S. same-store sales for Starbucks were up 18% for the first quarter of 2022, primarily driven by a 12% increase in comparable transactions and a 6% increase in average ticket.