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Charles Schwab

$6,515,000

13501 Nall Avenue, Overland Park, KS 66224

Active
Last Updated: 03/11/2025

6

Cap Rate

390,870

NOI

Details:
Cap Rate:    6%
NOI:    $390,870
Building Size:    8,686 sqft
Lot Area:    1.29 acres
Lease Type:    Triple Net
Year Built:    204
Tenancy:    Single
Year Last Renovated:    2023
Highlights:
  • 12+ years remaining on corporate net lease with minimal landlord responsibilities
  • 10% rental increases every 3 years (starting 2/1/2028)
  • Lease signed by investment grade tenant (NYSE: SCHW – S&P: “A”)
  • Across the street from Prairiefire, a 60-acre development of roughly 1.5M square feet of retail, residential, office, dining, entertainment, hotel, and a museum
  • Major national tenants in the direct trade area include REI, Apple, Target, Home Depot, Lowe’s, Bed Bath & Beyond, Sam’s Club, and Sprouts
  • Hard corner, signalized location with visibility from all directions (47,754 combined VPD)
  • Tenant just signed a 12-year lease extension and expanded the building footprint by 28%
  • 175,014 residents within a 5-mile radius of the subject property
  • $222,105 average household incomes within a 1-mile radius of the subject property
Description:

A corporate NNN Charles Schwab with over 12 years remaining in the primary term. The tenant relocated to this location after 10+ years in the market and expanded their building footprint by 28% in 2023. The subject property is also located across the street from Prairiefire, a 60-acre development of roughly 1.5M square feet of retail, residential, office, dining, entertainment, hotel, and a museum.

Map:
Documents:
Title
CharlesSchwab_OverlandParkKS.pdf
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Location
Gallery