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CenterWell Senior Primary Care (Humana) 5620 E Bannister Rd 7,500 SF Retail Building Kansas City, MO 64137 $5,790,000 ($772/SF) 6.25% Cap Rate

INVESTMENT HIGHLIGHTS
- New 10-Year Corporate Net Lease: Limited landlord responsibilities with 10% rental increases every five years and at options
- CenterWell is a wholly owned subsidiary of Humana (S&P: BBB+), the 4th largest U.S. health insurer, ranked #39 on the Fortune 500
- Employment and Innovation Hub: Next to Oracle Innovation Campus (6,400 employees), within a major development zone
- Brand New 2026 Construction: Ample parking and convenient accessibility at signalized hard corner
- Strategic Location at Signalized Hard Corner: Direct frontage on Bannister Rd (18,664 ADT), adjacent to Starbucks and Chipotle (coming soon), Taco Bel
- Dense and Growing Metro: MSA population over 2.2M with a daytime population of 767,000+ within 10 miles
EXECUTIVE SUMMARY
Brand-new single-tenant medical office opportunity. The property is occupied by CenterWell Senior Primary Care, a wholly owned subsidiary of Humana Inc. (NYSE: HUM), in one of the fastest-growing metros in the Midwest.
The subject property is ideally positioned at the intersection of Hillcrest Road and East Bannister Road (18,664 ADT), less than half a mile from the on/off-ramps to I-435 (43,607 ADT) and under one mile from the on/off-ramps to I-49/US-71 (39,671 ADT). The site is surrounded by national retailers and lodging demand generators, including Chipotle and Starbucks (coming soon), Taco Bell, Arvest Bank, Whataburger, Hampton Inn, and Residence Inn by Marriott, with additional future retail and multifamily development planned in the immediate area.
The site is also adjacent to the Oracle Cerner Innovations Campus (Oracle Health, NYSE: ORCL), which houses over 6,400 employees within 1.6 million square feet across 290 acres. Oracle Health is a leading provider of healthcare information technology solutions designed to improve both clinical and financial outcomes. Additionally, Catalent operates a 450,000 square foot facility nearby that supports Oral & Specialty Drug Delivery, Biologics Analytical Services, and Clinical Supply Services. Catalent is a major global partner to pharmaceutical, biotech, and consumer health companies, operating more than 40 facilities worldwide and producing over 60 billion treatment doses annually.
Directly across the street is Pioneer Plaza, an expanding shopping center anchored by Price Chopper and Heartland Dental, with LifeStorage and additional future retail pads planned. Other nearby major retailers include Home Depot, Goodwill Outlet & Recycling Center, Phillips 66, Firestone Auto Care, Hardee’s, Wendy’s, and Walgreens. The property benefits from significant residential density, with nearby communities including The Depot at Old Santa Fe (252 units), Urbane KC Luxury Apartments (263 units), Canyon Creek (427 units), Parc at Creekside (269 units), Timberlane Village Apartments (456 units), as well as desirable residential neighborhoods.
In Association with ParaSell, Inc. | A Licensed Missouri Broker #2019035835
The subject property is ideally positioned at the intersection of Hillcrest Road and East Bannister Road (18,664 ADT), less than half a mile from the on/off-ramps to I-435 (43,607 ADT) and under one mile from the on/off-ramps to I-49/US-71 (39,671 ADT). The site is surrounded by national retailers and lodging demand generators, including Chipotle and Starbucks (coming soon), Taco Bell, Arvest Bank, Whataburger, Hampton Inn, and Residence Inn by Marriott, with additional future retail and multifamily development planned in the immediate area.
The site is also adjacent to the Oracle Cerner Innovations Campus (Oracle Health, NYSE: ORCL), which houses over 6,400 employees within 1.6 million square feet across 290 acres. Oracle Health is a leading provider of healthcare information technology solutions designed to improve both clinical and financial outcomes. Additionally, Catalent operates a 450,000 square foot facility nearby that supports Oral & Specialty Drug Delivery, Biologics Analytical Services, and Clinical Supply Services. Catalent is a major global partner to pharmaceutical, biotech, and consumer health companies, operating more than 40 facilities worldwide and producing over 60 billion treatment doses annually.
Directly across the street is Pioneer Plaza, an expanding shopping center anchored by Price Chopper and Heartland Dental, with LifeStorage and additional future retail pads planned. Other nearby major retailers include Home Depot, Goodwill Outlet & Recycling Center, Phillips 66, Firestone Auto Care, Hardee’s, Wendy’s, and Walgreens. The property benefits from significant residential density, with nearby communities including The Depot at Old Santa Fe (252 units), Urbane KC Luxury Apartments (263 units), Canyon Creek (427 units), Parc at Creekside (269 units), Timberlane Village Apartments (456 units), as well as desirable residential neighborhoods.
In Association with ParaSell, Inc. | A Licensed Missouri Broker #2019035835
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
7,500 SF
Building Class
B
Year Built
2026
Construction Status
Proposed
Price
$5,790,000
Price Per SF
$772
Cap Rate
6.25%
NOI
$361,875
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.38 AC
Opportunity Zone
Yes
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-130-05-01-00-0-00-000 | Improvements Assessment | $0 |
| Land Assessment | $422,048 | Total Assessment | $422,048 |
PROPERTY TAXES
Parcel Number
49-130-05-01-00-0-00-000
Land Assessment
$422,048
Improvements Assessment
$0
Total Assessment
$422,048
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CenterWell Senior Primary Care (Humana) | 5620 E Bannister Rd
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