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Take 5 | New 15 Year Abs NNN Lease 7615 Shawnee Mission Pky 3,200 SF Retail Building Mission, KS 66202 $1,928,500 ($602.66/SF) 7% Cap Rate
Investment Highlights
- New 15-Year Lease Term at Closing – 10% Rent Increases Every 5 Years
- Tenant Has Exclusive Rights To Operate In The Kansas City Metro Area With An Agreement To Open At Least 16 Locations, and Plans to Open at Least 20+.
- High-Visibility Corridor Location –of direct frontage on Shawnee Mission Parkway, one of Northeast Johnson County’s busiest retail arteries, seeing 35
- Rapidly Growing Operator - Tenant Currently Has Seven Sites Open With Additional Sites Pending
- Fee Simple Ownership with Absolute NNN Lease – Zero Landlord Responsibilities
- Located Just 9 Miles from Downtown Kansas City – Easy Access to I-35, US-169 & Metcalf Ave; 34 Minutes to Kansas City International Airport
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,200 SF
Building Class
C
Year Built/Renovated
1987/2025
Price
$1,928,500
Price Per SF
$602.66
Cap Rate
7%
NOI
$135,000
Tenancy
Single
Building Height
1 Story
Slab To Slab
14’
Building FAR
0.22
Lot Size
0.33 AC
Zoning
CP-3 - DEALERSHIP, RETAIL
Parking
30 Spaces (9.38 Spaces per 1,000 SF Leased)
Frontage
87’ on Shawnee Mission Pky
Nearby Major Retailers
Property Taxes
| Parcel Number | NP77600000-0007A | Improvements Assessment | $43,638 |
| Land Assessment | $48,630 | Total Assessment | $92,268 |
Property Taxes
Parcel Number
NP77600000-0007A
Land Assessment
$48,630
Improvements Assessment
$43,638
Total Assessment
$92,268
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Take 5 | New 15 Year Abs NNN Lease | 7615 Shawnee Mission Pky
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