This Retail Property is Off-Market.

5354-5436 Roberts St
Shawnee, KS 66226 ·

34,138 SF · Retail For Sale

N/A

Print

Woodsonia West Shopping Center

Price N/A Cap Rate 7.11%
Gross Leasable Area 34,138 SF No. Stories 1
Property Type Retail Tenancy Multiple
Property Sub-type Strip Center Year Built 2008
Property Use Type Net Lease Investment with 4 years left on lease Lot Size 3.96 AC
Listing ID: 18530627 Date Created: 01/23/2014 Last Updated: 07/14/2014

Description

The subject investment opportunity is a shopping center in Shawnee, Kansas consisting of 2 buildings of similar size, totaling 34,138 square feet of gross leasable area. Built in 2008 on 3.96 acres of land, these buildings have decades of retail use in their future.
The construction of the center used ICF (Insulated Concrete Forms) technology. A few benefits of an ICF structure are: energy efficiency, strength, sound absorption, fire protection, indoor air quality
There is tremendous upside opportunity for the new owner. Through renewing tenant leases and filling current vacancies, the value of the property will grow substantially. This is reflected in the tremendous pro forma CAP rate. The list price is a 14% discount of the original 2008 construction cost.
Shawnee, Kansas is a major suburb of Kansas City, Missouri. The population in a 5-mile radius of the Woodsonia West Shopping Center is approximately 45,000. The average household income in that same 5-mile radius is nearly $100,000 per year.
The mixture of an affluent neighborhood, a location right off of a state highway, and crime rates well below average, make for a prime site for a shopping center like this one.

The shopping center is located along State Highway 7 and is easily visible from that busy road. The immediate area harbors several other retail buildings, including a Walgreens, a CVS Pharmacy, and a brand new Walmart. There are also ample rooftops within close proximity to the center.

Highlights

  • Good highway visibility
  • 35,000+ vehicles per day
  • Ample on-sight parking
  • Affluent, growing neighborhood
  • Triple-net (NNN) leases
  • Handsome 2008 build

Research

5354-5436 Roberts St, Shawnee, KS 66226 (Johnson County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Shawnee Market Trends - Asking price index trends, sale price trends, asking rent trends

Similar Listings

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)