8035 Lenexa DrOverland Park, KS 66214

For Sale
$6,000,000

High-performing auto shop, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 19,765-square-foot, single-tenant, absolute NNN leased auto shop located at 8035 Lenexa Dr, Overland Park, KS 66214. The property sits on a 2.8-acre lot and includes 104 parking spaces. Currently 100% occupied by B Street Collision, the property boasts a new 15-year lease commencing April 1, 2024, and expiring March 31, 2039, with four, 5-year renewal options. The lease features a 10% rent increase every five years, ensuring consistent income growth. The property's strong financial performance is highlighted by a $381,000 net operating income (NOI) and a 6.35% cap rate. The asking price is $6,000,000, translating to $303.57 per square foot. This investment offers a secure, long-term lease with a financially stable tenant, minimal landlord responsibilities, and significant upside potential in a prime Overland Park location within Johnson County. The tenant, B Street Collision, is an established and reputable operator with a strong track record. The lease is guaranteed by B Street Collision Holdings, LLC. The property's irreplaceable zoning and high barrier to entry further enhance its value and long-term prospects.

Highlights

  • 15-year sale-leaseback with 10% rent increases every 5 years.
  • Absolute NNN lease; no landlord expenses or maintenance.
  • Strong financial performance and significant year-over-year revenue growth.
  • Corporate guarantee from B Street Collision Holdings, LLC.
  • Irreplaceable zoning in a high-barrier-to-entry market.
  • Established tenant with strong management and no corporate debt.

Property Details for 8035 Lenexa Dr

Property type
Other retail properties, Automotive properties
Square Feet
19,765 SF
Buildings
1
Lot Size (sq. ft)
121,968 SF

Location Insight

City
Overland Park
County
Johnson
State
Kansas
Latitude
38.9825249
Longitude
-94.7061727
8035 Lenexa Dr, Overland Park, Kansas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
8035 Lenexa Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message