Charles Schwab
$6,515,000
13501 Nall Avenue, Overland Park, KS 66224
For Sale
Retail
Free Standing
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.
Documents:
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CharlesSchwab_OverlandParkKS.pdf
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