8301 W 151st St
Overland Park, KS 66223
Retail Property For Sale

FOR SALE BY OWNER** Alrig USA is pleased to present this brand new construction Starbucks & Chipotle Mexican Grill located in Overland Park, Kansas. This development is a pad site to a well performing Target store. The building will be turned over to the tenants on April 15, with rent scheduled to commence for both tenants on early July 2018. Starbucks will be operating on a 10 Year NNN lease with 5% rent escalations every five years, including all 4, Five-Year option terms. Chipotle will be operating on a 10 Year NNN lease that is flat through the initial term but has 7% rent escalations in each of the 3, Five-Year Options. Both leases are Corporately Guaranteed. This property is highly visible being located on 151st Street which sees over 37,600 vehicles per day, and is just off U.S. Hwy 69 which sees over 33,000 VPD. The surrounding area is heavily populated with 156,000 residents within a 5 mile radius and is expected to have a 6.5% population growth by 2022. Also has a very strong daytime population with over 78,600 employees in the immediate trade area.