9101 Metcalf AveOverland Park, KS 66212

For Sale
$5,790,000

Overland Park Shopping Center - 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
93
Glenwood Commons, a 16,063 square foot shopping center in Overland Park, Kansas, presents a compelling investment opportunity. This single-story, 2015-built property sits on a 1.41-acre lot at 9101 Metcalf Ave, zip code 66212, and boasts a 100% occupancy rate with eight tenants. The property operates under a triple-net (NNN) lease structure, offering a stabilized investment with a strong net operating income (NOI) of $376,080 and a 6.50% cap rate. The asking price is $5,790,000, translating to $361.06 per square foot. Conveniently located in the revitalized Metcalf Corridor, between Downtown Overland Park and I-435 and Metcalf, this center benefits from significant recent area improvements totaling over $769.5 million. The property features ample parking with a ratio of 5.5 spaces per 1,000 square feet. This multi-tenant retail center is anchored by a mix of successful national and regional businesses, ensuring a stable and attractive investment profile. The ground lease is in place.

Highlights

  • $5,790,000 asking price for a stabilized, multi-tenant retail shopping center.
  • 16,063 square feet on a 1.41-acre lot in Overland Park, Kansas.
  • 8 tenants with 100% occupancy, generating a $376,080 NOI and a 6.50% cap rate.
  • NNN lease type, built in 2015, single-story building on a ground lease.
  • $361.06 price per square foot.

Property Details for 9101 Metcalf Ave

Property type
Lifestyle centers, Power centers
Square Feet
16,063 SF
Year Built
2015
Buildings
1
Stories
1
Lot Size (sq. ft)
61,420 SF

Location Insight

City
Overland Park
County
Johnson
State
Kansas
Latitude
38.9637318
Longitude
-94.6671223
9101 Metcalf Ave, Overland Park, Kansas

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9101 Metcalf Ave
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