5620 E Bannister Rd - Retail FOR SALE


Kansas City, MO 64137- Loma Vista
$5,790,000 USD
510-289-1166
5620 E Bannister Rd, Kansas City, MO for Sale
$5,790,000 USD
Retail - FOR SALE
1/1
null | 6.25% Cap Rate

5620 E Bannister Rd
Kansas City, MO 64137
Loma Vista


HIGHLIGHTS

  • New 10-Year Corporate Net Lease: Limited landlord responsibilities with 10% rental increases every five years and at options
  • Brand New 2026 Construction: Ample parking and convenient accessibility at signalized hard corner
  • CenterWell is a wholly owned subsidiary of Humana (S&P: BBB+), the 4th largest U.S. health insurer, ranked #39 on the Fortune 500
  • Strategic Location at Signalized Hard Corner: Direct frontage on Bannister Rd (18,664 ADT), adjacent to Starbucks and Chipotle (coming soon), Taco Bel
  • Employment and Innovation Hub: Next to Oracle Innovation Campus (6,400 employees), within a major development zone
  • Dense and Growing Metro: MSA population over 2.2M with a daytime population of 767,000+ within 10 miles

OVERVIEW

Brand-new single-tenant medical office opportunity. The property is occupied by CenterWell Senior Primary Care, a wholly owned subsidiary of Humana Inc. (NYSE: HUM), in one of the fastest-growing metros in the Midwest. The subject property is ideally positioned at the intersection of Hillcrest Road and East Bannister Road (18,664 ADT), less than half a mile from the on/off-ramps to I-435 (43,607 ADT) and under one mile from the on/off-ramps to I-49/US-71 (39,671 ADT). The site is surrounded by national retailers and lodging demand generators, including Chipotle and Starbucks (coming soon), Taco Bell, Arvest Bank, Whataburger, Hampton Inn, and Residence Inn by Marriott, with additional future retail and multifamily development planned in the immediate area. The site is also adjacent to the Oracle Cerner Innovations Campus (Oracle Health, NYSE: ORCL), which houses over 6,400 employees within 1.6 million square feet across 290 acres. Oracle Health is a leading provider of healthcare information technology solutions designed to improve both clinical and financial outcomes. Additionally, Catalent operates a 450,000 square foot facility nearby that supports Oral & Specialty Drug Delivery, Biologics Analytical Services, and Clinical Supply Services. Catalent is a major global partner to pharmaceutical, biotech, and consumer health companies, operating more than 40 facilities worldwide and producing over 60 billion treatment doses annually. Directly across the street is Pioneer Plaza, an expanding shopping center anchored by Price Chopper and Heartland Dental, with LifeStorage and additional future retail pads planned. Other nearby major retailers include Home Depot, Goodwill Outlet & Recycling Center, Phillips 66, Firestone Auto Care, Hardee’s, Wendy’s, and Walgreens. The property benefits from significant residential density, with nearby communities including The Depot at Old Santa Fe (252 units), Urbane KC Luxury Apartments (263 units), Canyon Creek (427 units), Parc at Creekside (269 units), Timberlane Village Apartments (456 units), as well as desirable residential neighborhoods. In Association with ParaSell, Inc. | A Licensed Missouri Broker #2019035835

FOR SALE DETAILS

PRICE

$5,790,000 USD

PRICE/SF

$680 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CenterWell Senior Primary Care (Humana)

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

-

APN/PARCEL ID

49-130-05-01-00-0-00-000

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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