119 Plaza
Market Price
11912 South Strang Line Road, Lenexa, KS 66062
7
Cap Rate
47,589 sqft
Building Size
Details:
Description:
119 Plaza is a multi-tenant 47,589 sf shopping center set on 2 tax parcels totaling 7.17 acres. The 6.46-acre parcel has 2 buildings totaling 47,589 sf. The other .71-acre parcel is ground leased to Panda Express. The largest tenant is Goodwill, but the main attraction is Kansas City Joe’s BBQ. Nearly 1 million dollars has been spent on property improvements over the past few years with well more than half of that expense on roofs and asphalt repairs/replacements. There are 5 points of ingress/egress to the property and more than 30,000 vpd at the centers main signalized intersection.
Building 11912-11932 received a new roof in 2018; 13,250 sf.
Building 11934-11950 received a new roof in 2023, 34,399 sf.
Average tenure of existing tenants is 17 years.
Weighted average remaining lease term is 5 years, 8 months.
Trade area discretionary income is 17% higher than the national average.
Documents:
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| 119 Plaza - v5-1 (up) |
Location
Gallery
