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CVS 6510 Nieman Rd 16,904 SF Retail Building Shawnee, KS 66203 $3,825,000 ($226.28/SF) 6.33% Cap Rate
Investment Highlights
- Over 12 years remaining on an absolute NNN lease with zero landlord responsibilities; the tenant covers taxes, insurance, and maintenance
- Positioned along Nieman Rd W with excellent visibility and traffic counts exceeding 39,000 vehicles per day
- Surrounded by national retailers including Chick-fil-A, Raising Cane’s, QuikTrip, and AutoZone, driving steady daily traffic.
- Located in a strong trade area with ~$96,000 average household income and over 90,000 households within a 5-mile radius
- Located within the Kansas City MSA, a stable and diversified Midwest market with consistent population and employment growth
- Just 1.3 miles from Shawnee Mission Northwest High School and Rhein Benninghoven Elementary, serving 2,000+ students
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
16,904 SF
Building Class
B
Year Built
1996
Price
$3,825,000
Price Per SF
$226.28
Cap Rate
6.33%
NOI
$242,123
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
2.11 AC
Zoning
CN
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | QP47700000-0002 | Improvements Assessment | $652,248 |
| Land Assessment | $149,253 | Total Assessment | $801,501 |
Property Taxes
Parcel Number
QP47700000-0002
Land Assessment
$149,253
Improvements Assessment
$652,248
Total Assessment
$801,501
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CVS | 6510 Nieman Rd
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