Historical Retail Sale Listing - Woodsonia West Shopping Center

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Woodsonia West Shopping Center

5354-5436 Roberts St, Shawnee, KS 66226

N/A

34,138 SF | Retail

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Woodsonia West South Building

Retail Property - Off Market

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

Highlights

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

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.

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

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Created 1/23/2014