Newmark Zimmer Midwest Capital Markets is pleased to present the opportunity to acquire the 95 Metcalf Retail Portfolio (The “Portfolio”) located at 9530 Metcalf Avenue, Overland Park, Kansas. The Property is 100% leased and features a WALT of 5.4 years across nine tenants, providing stable in-place income with near-term upside potential through increasing rents to market. Tenants include Sickie’s Garage Burger & Brews, Berry’s Golf & Groove, Calibration Physical Therapy, Topsy’s, and Kiwami Ramen & Sushi.
Strategically located within a thriving retail corridor, the Portfolio benefits from over $580 million in new developments in a 3-mile radius. Nearby development includes Meadowbrook Park, Shamrock Trading Corporations two new office towers spanning 630,000 SF, and high-profile retail tenants such as Lowes’, Whataburger, Chick-fil-A, Swig, Arvest Bank, Texas Roadhouse and Dutch Bros. Nearby Class-A multifamily development includes Novel Place Senior Living (134 units), Metcalf South Apartments (303 units), and Promontory (441 units).