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11215-11225 Shawnee Mission Pky 88,505 SF Retail Building Shawnee, KS 66203 $12,700,000 ($143.49/SF) 7.19% Cap Rate
Investment Highlights
- Freshly Executed 10 Year Lease to Burlington
- Exceptional Condition - $3.6M+ capex mitigates near term cost risk
- Potential Tax Rebate Program Eligibility - Shawnee's NRA program details in deal file
- Early Renewal - 18 Months Prior to Expiration
- Tenant Longevity - 8.8 Year Average Remaining Term
- Ideal Tenant Base - Well-aligned to surrounding demographics
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
- -
- -
- -
- -
-
- Retailer
- -
- -
- -
- Nov 2024
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 2026
Harbor Freight Tools is a privately held discount tool and equipment retailer founded in 1977 by Eric Smidt and Allan Smidt. Headquartered in Calabasas, California, the company began as a mail-order business and opened its first retail store in 1980. Harbor Freight operates over 1,600 stores across 48 states and employs more than 30,000 people. The retailer offers a wide range of products, including hand tools, power tools, automotive equipment, generators, and shop supplies, marketed under proprietary brands such as Pittsburgh, Bauer, Hercules, and U.S. General. Harbor Freight’s business model focuses on direct sourcing from manufacturers to reduce costs and provide tools at prices significantly lower than competitors. The company also maintains a strong e-commerce presence and offers financing options, loyalty programs, and extended service plans. Harbor Freight remains family-owned and is recognized for its commitment to affordability and value in the tool retail industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Burlington | Retailer | - | - | - | - | |
|
|
Retailer | - | - | - | Nov 2024 | |
|
|
Retailer | - | - | Triple Net | Oct 2026 |
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
Presented by
11215-11225 Shawnee Mission Pky
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