5320 College BlvdOverland Park, KS 66211

For Sale
$2,918,920

6,330 SF Medical Office, 100% Leased

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 6,330-square-foot medical office building, located at 5320 College Blvd in Overland Park, Kansas (66211), presents a compelling investment opportunity. The property, built in 1984 and classified as Class B, is currently 100% occupied by a single tenant under a 5-year NNN lease. The building functions as a fully leased cath lab and wound treatment center, offering strong, stable income. The property boasts a Net Operating Income (NOI) of $216,000, resulting in a 7.40% capitalization rate. Conveniently situated just two minutes south of I-435, with access from both College Blvd and 110th St, the building benefits from high traffic volume in a thriving medical area near Children's Mercy Hospital Kansas. Its proximity to the Overland Park Convention Center further enhances its desirability. The property's APN is 302-78-854A & 855A. The asking price is $2,918,920. While the lease is currently for 5 years, marketing materials mention a 10-year NNN lease with 2% annual increases and a 3-year corporate guarantee in separate investment highlights. The high traffic count of approximately 64,000 vehicles per day at the intersection of College Blvd and Nall Ave underscores the location's strong commercial viability. This is a rare opportunity to acquire a stable, high-performing medical office building in a prime Overland Park location.

Highlights

  • Fully Leased Medical Office Building (Cath Lab & Wound Center) For Sale
  • NNN Lease with 2% Annual Rent Increases for 10 Years
  • Strong 3-Year Corporate Guarantee
  • 6.5% Cap Rate
  • High Traffic Location: Approx. 64,000 Vehicles Per Day at College Blvd. & Nall Ave. Intersection

Property Details for 5320 College Blvd

Property type
Other office properties, Medical offices
Square Feet
6,330 SF
Class
B
Year Built
1984

Location Insight

City
Overland Park
County
Johnson
State
Kansas
Latitude
38.9285584
Longitude
-94.6466897
5320 College Blvd, Overland Park, Kansas

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5320 College Blvd
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