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Lease Guarantor

PROPERTY/LOT
IMMEDIATE LOCATION
AREA LOCATION
TENANT ATTRIBUTES
INVESTMENT/GUARANTOR
DOM: 8 Updated: 07.29.25 Posted: 07.29.25 Status: Active     07.29.25

Summary

Price $9,059,000
Built/Renov 2019
Tenant Carvana
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 6,002
Lease Start 09-30-2025
#Units 40
Price/SF $1,509.33
Expiration 04-30-2042
Tenant Type Automotive
NOI $611,476
R. Term 16.9
Ownership Fee Simple
Rent/SF $101.88
Increases 10.0%/6/yrs
Pop 5Mi 264,606
Lot/AC 1.22
Options 4/5yrs/10%
AHHI 5Mi $89,924

Highlights

  • 16+ Years Remaining on Lease | Four (5-Year) Extension Options
  • Lease features 10% Rent Increases Every 5 Years
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Corporate Guarantee by Carvana, LLC (NYSE: CVNA)

Location Description

Carvana is strategically located on W. 29th Street in Kansas City, MO, with prime frontage and visibility along Interstate 35 (97,700 VPD) and close proximity to Southwest Boulevard (21,000 VPD). The property is situated in a dense retail corridor, surrounded by major national tenants including Costco, Home Depot, Target, Walmart, Lowe’s, CVS, Walgreens, and more. The site benefits from...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Carvana
  • Guarantor:Corp T and Rated
  • Company:Carvana Co.
  • # Units:40
  • Tenant S&P: B-
  • Moody’s: Caa3
  • Stock: NYSE: CVNA

About Tenant

Carvana (NYSE: CVNA) is the leading ecommerce platform for buying and selling used cars. As the fastest growing used automotive retailer in U.S. history, Carvana.com allows someone to purchase...


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