General Use | | Retail | Specific Use | | General/Street Retail | County | | Johnson |
For Sale |
Contact Agent For Details |
Gross Land |
261,652 SF |
Gross Building |
65,216 SF |
CAP |
6% |
Sale Type |
Investment |
Offering Memorandum.pdf
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Brochure
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- Investment grade retail purchase across from Oak Park Mall
- Two tenant building, Best Buy (72% of building) is publicly traded and Planet Fitness (28% of building) is one of the largest franchisees in the country of a publicly traded company
- Dominant market leaders in their respective retail categories
- Excellent Public Market cap for both companies
- Lease extensions with rate increases in future, purchase price on in place rents
- Triple net leases for ease of ownership
- Across from Oak Park Mall, largest mall in the Kansas City Metro area in terms of size and sales
- Located in best retail zone of Johnson County, KS, one of the wealthiest counties in the United States
- Terrific visibility, great traffic counts, and substantial parking
- Area tenants include Target, Nordstrom, Macy's, Gordmans, MIchael's, Sam's Club, Nordstrom Rack and most national retailers
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