12020 Metcalf Ave - Retail FOR SALE
Overland Park, KS 66213 |
$5,610,000 USD
650-678-7200
12020 Metcalf Ave
Overland Park, KS 66213
HIGHLIGHTS
- Brand-new 5-year lease extension with an above-market 15% rental increase scheduled for the 1st option and 5% rental increases for the 2nd & 3rd
- Tenant paying $12.25/SF – other tenants recently executed leases at $17.50-24.50/SF in same center
- Lease is guaranteed by tenant’s parent company – Dick’s Sporting Goods, Inc. (see below)
- One of the largest specialty sports equipment retailers in the U.S. with 850+ Dick’s locations and another 100+ Golf Galaxy locations nationwide
- The adjacent Whole Foods ranks in the top 10% of grocery stores in Kansas in terms of annual visits per Placer.ai
OVERVIEW
Golf Galaxy recently signed a 5-year lease extension with three additional 5-year extension options featuring a 15% rental increase in the first option and a 5% increase in the second and third options. The subject property is located in Kansas City’s top intersection – anchored by Whole Foods, which ranks in the top 10% of grocery stores in Kansas in terms of annual visits per Placer.ai.
FOR SALE DETAILS
PRICE
$5,610,000 USD
PRICE/SF
$199 USD /SF
CAP RATE
6.15%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Golf Galaxy
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
0.75 AC
LAND SF
32,670 SF
ZONING
CP-2
APN/PARCEL ID
NP12340000-0005
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650-678-7200
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650-678-7200
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