11215-11225 Shawnee Mission Pky - Storefront FOR SALE


Shawnee, KS 66203
$12,700,000 USD
816-808-2540
11215-11225 Shawnee Mission Pky, Shawnee, KS for Sale
$12,700,000 USD
Storefront - FOR SALE
1/7
null | 7.19% Cap Rate

11215-11225 Shawnee Mission Pky
Shawnee, KS 66203


HIGHLIGHTS

  • Freshly Executed 10 Year Lease to Burlington
  • Early Renewal - 18 Months Prior to Expiration
  • Exceptional Condition - $3.6M+ capex mitigates near term cost risk
  • Tenant Longevity - 8.8 Year Average Remaining Term
  • Potential Tax Rebate Program Eligibility - Shawnee's NRA program details in deal file
  • Ideal Tenant Base - Well-aligned to surrounding demographics

OVERVIEW

Crossroads Real Estate Group is pleased to present the exclusive listing of Parkway Shopping Center, a premier retail investment opportunity in Shawnee, Kansas. Parkway Shopping Center provides investors with reliable, predictable cash flow thanks to a new, freshly executed 10 year lease to Burlington and a renewal that Harbor Freight initiated over 18 months early. Three tenant spaces comprise the shopping center’s total 88,505 square feet of net-rentable area, delivering a diversified, value-oriented merchandising mix. Burlington is relocating from a neighboring center and expects to open in early 2027. Other tenants include Harbor Freight, in place since 2004 and City Thrift, in place since 2017. Ideally situated along the dynamic Shawnee Mission Parkway commercial corridor, the property enjoys high visibility, robust consumer traffic, and excellent accessibility near major highways. As a retail hub with convenient proximity to key North Johnson County communities, the Shawnee Mission Parkway corridor promises to draw customers from an expansive consumer base. This established trade area benefits from the region’s high concentration of national retailers.

FOR SALE DETAILS

PRICE

$12,700,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

7.19%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

271

LAND DETAILS

CROSS STREETS

Nieman Rd

LAND ACRES

5.66 AC

LAND SF

246,550 SF

ZONING

CH, Shawnee

APN/PARCEL ID

QP51370000-0001

ASK ABOUT THIS PROPERTY

Holly Larrison Mills, MAI, CCIMCrossroads Real Estate GroupMore Info
816-808-2540

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Holly Larrison Mills, MAI, CCIMCrossroads Real Estate GroupMore Info
816-808-2540

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.