Acquired a former bank branch and converted the existing building into a freestanding single tenant drive through building for Starbucks. ReCor worked with the City of Manhattan, KS and neighboring residential property owners to reach a mutually agreeable site plan design to limit overflow traffic onto the adjacent street.
Quivira 95 Shopping Center
Identified and acquired the 10,482 sf shopping center located at one of the top retail intersections in the Kansas City Metro Area. The site is located directly across the street from Oak Park Mall, which is the number one enclosed mall in the region. ReCor was able to underwrite, perform due diligence and close in an extremely short amount of time following contract execution.
ReCor acquired a former grocery store located in Kansas City, MO, redeveloped the existing building and completed a long term lease with Dollar General. During the acquisition, we negotiated an easement with the neighboring property owner that gave us the ability to complete the Dollar General lease. The site is located in an established part of the Metro Area and required creativity to successfully bring the project to fruition.
Aspen Dental/Good Feet
Acquired a former Bob Evans restaurant and completely redeveloped the property into a two tenant retail building occupied by Aspen Dental and Good Feet on long term leases. The subject property is located in front of one of the highest performing power centers in the Kansas City Metro Area. The project included interior, exterior and site work which transformed an old restaurant into a vibrant retail building that complemented the overall shopping center.
Completed the acquisition, entitlements, development and lease up of a 9,000 sf plus multi-tenant shopping center in Sedalia, MO. We identified a site strategically located across the street from a Walmart Supercenter in Sedalia, MO. Following construction and tenant occupancy, we owned and managed the asset.
Qdoba Mexican Grill
Acquired two operating Schlotzsky’s restaurants from a regional franchisee in Kansas City. The sites are located in Kansas City, MO, and Mission, KS. Both properties were redeveloped into Qdoba Mexican Grill single tenant freestanding restaurants. Qdoba Mexican Grill signed long-term NNN leases for each location.
Bonner Springs Pointe
Acquired two operating churches and the associated ground totaling 14 acres on the Northeast Corner of Kansas 7 Highway and Kansas Avenue in Bonner Springs, KS. Obtained Tax Increment Financing to construct all horizontal improvements and sold individual parcels to Walgreens, Burger King and AutoZone. Completed a build-to-suit for Goodwill and subsequently sold the Goodwill property to a 1031 exchange buyer. Two lots remain for future sale and/or development.
TGI Fridays Redevelopment
Acquired a former TGI Friday’s restaurant in Shawnee, KS and converted the 6,400 square foot building into a two Tenant retail building. Leased the building to Mattress Firm and Pacific Dental. The property is located on an outparcel to a Super Target anchored power center and adjacent to a Walmart Supercenter.
Acquired five former gas stations from Shell Oil that were located in four different states. All cash acquisition with a 20 day closing period. Overcame environmental concerns prior to acquisition and worked with each of the state’s Health and Environmental Departments to reduce long term liability. Three properties were sold to national retailer’s preferred developers and/or owner/users.
Through a long-term sale-leaseback structure, ReCor Properties completed the acquisition of two operating Winsteads Steakburger restaurants (Leawood, KS and Kansas City, MO). Winsteads is a hamburger chain based in Kansas City, MO and has been operating for over 75 years. The Kansas City, MO restaurant is located immediately adjacent to the Country Club Plaza, Kansas City’s most iconic shopping, office and multi-family residential district. The Leawood, KS restaurant is located along the 135th Street corridor in Johnson County, one of the Kansas City Metro Area’s most coveted trade areas.