Contacts
XchangeCRE
Property Details
- Property Type Flex Space
- Property Size 8,300 SF
- Lot Size 5.37 Acre
- Cap Rate % 723
- Rental Income / YR $108,000.00
- NOI / YR $94,000.00
- Additional Rent Contact for pricing
- # of Floors 1
- Property Tenancy Multi-Tenant
- Building Class C
- Year Built 1984
- Year Renovated 2024
- Date Updated Dec 6, 2024
Here's a unique opportunity to purchase an investment property with a single-tenant in a great area. They are paying $9,180 per month now. It increases by 2% each year on July 1st. They are in year 2 of a 10 year lease with 2 additional 5 year options. The Tenant pays all taxes. Landlord is responsible for HVAC repairs/maintenance over $500. Seller will replace dated HVAC unit before closing. New Buildings roofs with 20 year transferable warranties were done in August 2024. Driveways and parking lots will be asphalted and resurfaced prior to closing. Tenant is Village Pet Care with General Atlantic as their equity partner.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Predictable revenue growth with a 2% annual rent increase every July 1st, aiding in hedge against inflation
- Tenant, Village Pet Care, comes with the financial backing of General Atlantic, indicating reliable payment history and potential for lease renewals
- Seller is committed to replacing one HVAC system at a cost of $11,000, ensuring the property is well-maintained for the tenant
- Property upgrades include new roofs installed in August 2024 with 20-year transferable warranties, enhancing property value and reducing near-term maintenance
- Stable investment with a single tenant on their second year of a 10-year lease, providing long-term rental income
- 4 Buildings Total: 5,000 SF, 3,300 SF, and 2 large sheds
Getting around
-
8/100
Walk Score ®
-
13/100
Bike Score ®
Location
- City Shawnee, KS
- Zip Code 66218
- Market Kansas City
Points of Interest
-
Casey's General Store
1.11 miles
-
Murphy USA
1.93 miles
-
QuikTrip
2.53 miles
-
Monticello 66 BP
2.56 miles
-
Price Chopper Fuel Center
2.66 miles
-
Wood's Cenex
3.07 miles
-
ChargePoint
3.60 miles
-
Conoco
3.98 miles
-
Phillips 66
4.01 miles
-
Hy-Vee Gas
4.74 miles
-
Clark's Fork Parking Lot
2.54 miles
-
Streamway Trail
4.56 miles
-
Walnut Grove
4.97 miles
-
Country Inn & Suits Parking
5.46 miles
-
Prairie View Parking
5.74 miles
-
Business Parking
7.79 miles
-
Horse Trailer Parking Lot
8.15 miles
-
Boat Ramp Parking Area
8.58 miles
-
Wyco East Trails Parking
8.67 miles
-
Doctor's Parking
9.21 miles
-
Holiday Inn Express & Suites Shawnee-Kansas City West
3.57 miles
-
Courtyard Kansas City Shawnee
3.60 miles
-
Fairfield Inn & Suites Kansas City Shawnee
3.97 miles
-
Comfort Inn & Suites Shawnee - Kansas City
4.01 miles
-
Hampton Inn Kansas City/Shawnee Mission
4.15 miles
-
Chateau Avalon
4.58 miles
-
Great Wolf Lodge
5.01 miles
-
Hampton Inn Kansas City The Legends
5.16 miles
-
Best Western Plus KC Speedway Inn & Suites
5.19 miles
-
Quality Inn I-70 Near Kansas Speedway
5.26 miles
-
Walmart Supercenter
1.95 miles
-
Price Chopper
2.65 miles
-
Target
3.88 miles
-
Kohl's
3.96 miles
-
ALDI
4.29 miles
-
Hy-Vee
4.80 miles
-
Natural Grocers
4.97 miles
-
Legends Outlets Kansas City
5.63 miles
-
Lenexa Public Market
5.65 miles
-
TJ Maxx
5.68 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
XchangeCRE