Grocery Anchored, Multi-Tenant Retail Center - Quivira Crossings
$9,000,000
11440 West 135th Street, Overland Park, KS 66221
7.5
Cap Rate
671,119
NOI
Details:
Highlights:
- Grocery Anchored Development
- Below market rents
- Listed at 38% below replacement cost
- All Tenants expiring in 2023 want to remain long term
Description:
Quivira Crossing is a 206,421 sf grocery anchored development in the Kansas City metropolitan area's #1 submarket of choice for retailing: South Johnson County. This busy intersection provides immediate access to the neighborhoods to the north and east. Price Chopper grocery has been the anchor of this development since it's construction in 1999. The subject property was added in 2002. The overall developments 10 buildings are 98% occupied with an average rent of $22 psf nnn compared to the subject properties average rent of $17 psf nnn. Tenants include Price Chopper Grocery, McDonalds, Taco Bell, Starbuck's, ANB Bank, Burger King, Pizza Hut, Premier Bank, among many others. The intersection is home to more than 437,000 sf of additional complementary retail with a 97% occupancy rate at an average of $18.35 psf nnn.
Documents:
| Title | ||
|---|---|---|
| Quivira_Crossing_Flyer_NEW_12.12.22.pdf | ||
|
Quivira_Crossing_OM_v4_NEW_12.12.22.pdf
|
Location
Gallery
