4851 134Th StLeawood, KS 66209

This 2,700 square foot medical office condo in Leawood, Kansas, presents a compelling investment opportunity. Located at 4851 W 134th St, 66209, this property boasts a strong 8.50% cap rate and a Net Net + (NN+) lease with Southern Orthodontic Partners, one of the largest specialized dental companies in the US, with 90+ locations across 31 states. The current lease, executed in 2023, runs through August 31, 2028, with 3.9 years remaining and includes 2% annual rent bumps, providing inflation protection and increasing cash flow. The asking price is $858,600 ($318/sq ft), reflecting a substantial NOI of $72,981. Built in 2006, this single-tenant property sits on a 0.06-acre lot within a thriving retail corridor, near national brands like Starbucks, Chick-fil-A, JCPenney, and CAVA. The location benefits from a high-income demographic, with an average household income exceeding $172,824 and a population of over 175,799 within a 5-mile radius. The tenant's significant investment in the location and the established practice minimize relocation risk, making this a low-barrier-to-entry investment with high potential returns. The lease includes 3 and 5-year renewal options. 100% occupancy ensures immediate cash flow.