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BOJANGLES w/ DR-THRU | RARE 3% ANNUAL BUMPS 12005 Metcalf Ave 3,106 SF Retail Building Overland Park, KS 66213 $3,400,000 ($1,094.66/SF) 5% Cap Rate
Investment Highlights
- Corporate Backed 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring Rare Above Average 3.0% Annual Rental Increases.
- Growing National Brand: Bojangles Operates Nearly 870 Restaurants Systemwide across more than 20 States, Opening over 40 New Locations in 2025 Alone.
- Premier, Established Retail Corridor: Site Sits along One of Overland Park's Most Sought-After Retail Corridors at 119th and Metcalf.
- High-Traffic Retail Corridor: Property Sits at the Signalized Hard-Corner Intersection of 119th Street and Metcalf Avenue.
- Exceptional Daytime Population and Education Hub: Site Sits within a Trade Area Anchored by Aspiria's 3.8-Million-Square-Foot Former Sprint Campus.
- Eligible for Accelerated & 100% Bonus Depreciation on Qualifying Components, Subject to Cost Segregation & the Treatment of Tenant-Funded Improvements
Executive Summary
Bojangles w/ Dr-Thru | Rare 3% Annual Rent Increases | Brand New 15 Year Absolute Net Lease | Excellent Real Estate | Qualifies for Accelerated and 100% Bonus Depreciation | High-Traffic Retail Corridor | Densely Populated and Affluent Area: $136k+ Avg. HHI | Exceptional Daytime Population & Education Hub | Grocery-Anchored Pad Site | Power Center Anchors on Both Sides | Regional Medical Cluster
Kansas Broker of Record: David Saverin | 9393 W. 110th St., Ste. 500 Overland Park, KS 66210 | P: (314) 889-2555 | Lic #: 00249685 | David.Saverin@MarcusMillichap.com
Kansas Broker of Record: David Saverin | 9393 W. 110th St., Ste. 500 Overland Park, KS 66210 | P: (314) 889-2555 | Lic #: 00249685 | David.Saverin@MarcusMillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,106 SF
Building Class
B
Year Built
1995
Price
$3,400,000
Price Per SF
$1,094.66
Cap Rate
5%
NOI
$169,950
Tenancy
Single
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.08
Lot Size
0.92 AC
Zoning
CP2
Parking
35 Spaces (11.27 Spaces per 1,000 SF Leased)
Frontage
75’ on Metcalf
Amenities
- Restaurant
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Bojangles
- Retailer
- 3,106 SF
- -
- Triple Net
- Mar 2041
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Bojangles | Retailer | 3,106 SF | - | Triple Net | Mar 2041 |
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | NP79700000-0003A | Improvements Assessment | $199,595 |
| Land Assessment | $233,830 | Total Assessment | $433,425 |
Property Taxes
Parcel Number
NP79700000-0003A
Land Assessment
$233,830
Improvements Assessment
$199,595
Total Assessment
$433,425
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BOJANGLES w/ DR-THRU | RARE 3% ANNUAL BUMPS | 12005 Metcalf Ave