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5205 W 135th St 20,000 SF Retail Building Leawood, KS 66224 $4,830,000 ($241.50/SF) 7.25% Cap Rate



INVESTMENT HIGHLIGHTS
- 2% annual rent growth
- Key intersection for the 135th Street retail corridor
- Strong demographics
- Across from Prairiefire Entertainment Disctrict and down the street from Corbin Park (Scheels, Von Maur, JCPenneys, and more)
EXECUTIVE SUMMARY
For nearly 25 years, Seville Home has been Kansas City’s destination for inspired living. Seville Home curates a boutique collection of more than 3,000 artisan furnishings that clients can see, touch, and experience before bringing them home. The company’s mission is simple: to help create spaces that are as beautiful to behold as they are comfortable to live in.
Unlike shopping from a catalog or screen, Seville Home offers a gallery where design comes to life. From ready-to-purchase pieces to fully custom creations, they partner with the world’s finest furniture makers to bring each client’s vision to reality. Trusted by Kansas City’s top designers, Seville Home combines exclusive collections with the expertise of a professional design team—always available at no additional charge.
In September 2025, Seville Home was acquired by Phil and Chastin Reynolds, a local Kansas City entrepreneurial couple. They bring a deep appreciation and passion for Seville Home’s strong brand and long-standing presence in the Kansas City design community. With the current owners remaining actively involved throughout the transition phase, the Reynolds’ continued commitment to quality, craftsmanship, and personalized service ensures the Seville Home legacy will thrive for years to come.
• First time to market!!
• Architecturally stunning freestanding building
• 9 Year 8 month Lease remaining on a triple net lease
• Base Rent: $17.50 PSF (NNN)
• 2% annual rental increases through the main term and options
• One 5-year option for renewal
• Offered at below replacement costs
Unlike shopping from a catalog or screen, Seville Home offers a gallery where design comes to life. From ready-to-purchase pieces to fully custom creations, they partner with the world’s finest furniture makers to bring each client’s vision to reality. Trusted by Kansas City’s top designers, Seville Home combines exclusive collections with the expertise of a professional design team—always available at no additional charge.
In September 2025, Seville Home was acquired by Phil and Chastin Reynolds, a local Kansas City entrepreneurial couple. They bring a deep appreciation and passion for Seville Home’s strong brand and long-standing presence in the Kansas City design community. With the current owners remaining actively involved throughout the transition phase, the Reynolds’ continued commitment to quality, craftsmanship, and personalized service ensures the Seville Home legacy will thrive for years to come.
• First time to market!!
• Architecturally stunning freestanding building
• 9 Year 8 month Lease remaining on a triple net lease
• Base Rent: $17.50 PSF (NNN)
• 2% annual rental increases through the main term and options
• One 5-year option for renewal
• Offered at below replacement costs
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
20,000 SF
Year Built
2006
Price
$4,830,000
Price Per SF
$241.50
Cap Rate
7.25%
NOI
$350,000
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.47
Lot Size
0.97 AC
Zoning
SD-CR - (Planned General Retail)
Frontage
120’ on W 135th Street
AMENITIES
- Mezzanine
- Signage
- Signalized Intersection
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Luxe Home Décor, LLC dba Seville Home
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Luxe Home Décor, LLC dba Seville Home | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | HP13900000-0013 | Improvements Assessment | $892,895 |
| Land Assessment | $168,355 | Total Assessment | $1,061,250 |
PROPERTY TAXES
Parcel Number
HP13900000-0013
Land Assessment
$168,355
Improvements Assessment
$892,895
Total Assessment
$1,061,250
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5205 W 135th St
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