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11215-11225 Shawnee Mission Pky 88,505 SF Retail Building Shawnee, KS 66203 $12,200,000 ($137.85/SF) 7.37% Cap Rate
Investment Highlights
- Freshly Executed 10 Year Lease to Burlington
- Exceptional Condition - $3.6M+ capex mitigates near term cost risk
- Ideal Tenant Base - Well-aligned to surrounding demographics
- Early Renewal - 18 Months Prior to Expiration
- Tenant Longevity - 8.8 Year Average Remaining Term
Executive Summary
Three tenant spaces comprise the shopping center’s total 88,505 square feet of net-rentable area, delivering a diversified, value-oriented merchandising mix. Burlington is relocating from a neighboring center and expects to open in early 2027. Other tenants include Harbor Freight, in place since 2004 and City Thrift, in place since 2017.
Ideally situated along the dynamic Shawnee Mission Parkway commercial corridor, the property enjoys high visibility, robust consumer traffic, and excellent accessibility near major highways. As a retail hub with convenient proximity to key North Johnson County communities, the Shawnee Mission Parkway corridor promises to draw customers from an expansive consumer base. This established trade area benefits from the region’s high concentration of national retailers.
Property Facts
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Burlington
- Retailer
- -
- -
- -
- -
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- Retailer
- -
- -
- -
- Feb 2035
City Thrift is owned by City Union Mission. City Thrift is a Non Profit Thrift store, all proceeds benefit the City Union Mission.
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- Retailer
- -
- -
- Triple Net
- Oct 2032
Harbor Freight Tools began as a mail-order tool business in Southern California in 1977 and has since expanded into a retail and e-commerce company serving customers across the United States. The company sells a wide assortment of tools and equipment, including automotive products, hand tools, power tools, storage solutions, outdoor power equipment, generators, welding supplies, and shop equipment. Harbor Freight has built its business around value-focused sourcing and direct retail distribution, with stores supported by online shopping and customer support services. The business remains centered on serving DIY users, tradespeople, and other customers who need practical tools and equipment for everyday projects.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Burlington | Retailer | - | - | - | - | |
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Retailer | - | - | - | Feb 2035 | |
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Retailer | - | - | Triple Net | Oct 2032 |
Nearby Major Retailers
Property Taxes
| Parcel Number | QP51370000-0001 | Improvements Assessment | $1,308,215 |
| Land Assessment | $447,035 | Total Assessment | $1,755,250 |
Property Taxes
Contact the Sale Advisor
11215-11225 Shawnee Mission Pky