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9500 Antioch Road - Cherokee South Shopping Center - Walgreens, Overland Park, KS

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9500 Antioch Road - Cherokee South Shopping Center - Walgreens

Overland Park, KS 66212-4058 - Northeast Johnson County Submarket

Property Type:Retail Sub Type:- Status:Existing Year Built:2009
Building Size:14,820 SF Land Area:1.67 AC (72,933 SF)
For Sale Price:$5,000,000 Price/SF:$337.38
Cap Rate:4.52 %
Parking:84 Surface spaces are available; Ratio of 5.66/1,000 SF

Sale Notes:
Stan Johnson Company is pleased to exclusively offer for sale to qualified investors, the opportunity to purchase a 100% fee simple interest in the Walgreens ground lease property located at 9500 Antioch Road in Overland Park, Kansas (the Property ). Located roughly 15 miles southwest of downtown Kansas City and near the Interstate 35/Interstate 435 interchange, the Property benefits from its position on the hard corner of two primary arterials of Overland Park with a combined traffic count of over 54,000 vehicles per day.

The Property is fully leased by Walgreen Co. (WBA), operating under a 60-year lease term that runs through December 2069, with the option to terminate with 6 months' notice starting January 1, 2030, and every five years thereafter. The initial term through December 2029 is referred to as the Base Lease Term, and today, there are over 13 years of base term remaining.

Stan Johnson Company
Brandon Duff
(312) 240-0162

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