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12119 Johnson Drive

Shawnee, KS 66216
  • $1,750,000
  • STATUS: Active
  • ON SITE: 441 Days
  • ID#: 2405147
UPDATED: 68 min ago
$1,750,000
  • 0
    BEDS
  • 0.58
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1967
County:

School Ratings & Info

Description

This fully occupied retail strip mall with an 8% Capitalization Rate (CAP Rate) presents an enticing investment opportunity. Here are the key details about this property: Prime Location: The property benefits from a high traffic count, which is excellent for attracting customers and ensuring visibility for the businesses within the strip mall. Owner Occupied with Long-Term Tenants: The fact that the building is owner-occupied and has five additional tenants on long-term leases is a positive sign for investors. Long-term leases provide stability and a steady income stream. Recent Upgrades: The property has seen recent upgrades, including a new roof, windows, flooring, lighting, garage doors and interior/exterior paint. These updates can help reduce maintenance costs and enhance the overall appeal of the strip mall. Versatile Spaces: The presence of three drive-in garages (each 10x10 in size), office spaces, a kitchen, and an unfinished basement provides versatility for various types of businesses. This versatility can attract a diverse range of tenants. Income Potential: The 8% CAP Rate is a key metric for investors, indicating a potentially favorable return on investment relative to the property's price. Low Vacancy Risk: Given the long-term leases in place, the risk of vacancies is reduced, providing a more stable income stream for investors.

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Heartland MLS Terms of Use

The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. ("Heartland MLS"). Copyright 2023, Heartland Multiple Listing Service, Inc. Heartland MLS and Ron Henderson & Associates | Keller Williams Northland Partners do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. Data last updated: 2023-12-08T16:45:46.723.

Based on information submitted to the MLS GRID as of 2023-12-08T16:45:46.723 All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.kansascityagent.com/homes/133334283
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12119 Johnson Drive Shawnee, KS 66216

  • Price: $1,750,000
  • Status: Active
  • On Site: 441 Days
  • Updated: 68 min ago
  • ID#: 2405147
0
Beds
0
Baths
0
½ Baths
0.58
Acres
1967
Built
Neighborhood:
340 - N=I-435;S=135Th;E=State Ln;W=Pflumm
County:
Johnson
Area:
340 - N=I-435;S=135Th;E=State Ln;W=Pflumm
Property Description
This fully occupied retail strip mall with an 8% Capitalization Rate (CAP Rate) presents an enticing investment opportunity. Here are the key details about this property: Prime Location: The property benefits from a high traffic count, which is excellent for attracting customers and ensuring visibility for the businesses within the strip mall. Owner Occupied with Long-Term Tenants: The fact that the building is owner-occupied and has five additional tenants on long-term leases is a positive sign for investors. Long-term leases provide stability and a steady income stream. Recent Upgrades: The property has seen recent upgrades, including a new roof, windows, flooring, lighting, garage doors and interior/exterior paint. These updates can help reduce maintenance costs and enhance the overall appeal of the strip mall. Versatile Spaces: The presence of three drive-in garages (each 10x10 in size), office spaces, a kitchen, and an unfinished basement provides versatility for various types of businesses. This versatility can attract a diverse range of tenants. Income Potential: The 8% CAP Rate is a key metric for investors, indicating a potentially favorable return on investment relative to the property's price. Low Vacancy Risk: Given the long-term leases in place, the risk of vacancies is reduced, providing a more stable income stream for investors.
Exterior Features

Exterior Features Building SignDisplay Window Number Of Docks 0 Number Of Drive In Doors 3 Parking Features CommonParking LotPaved Parking Total 36 Road Frontage Type City StreetOther Road Responsibility Public Maintenance Road Surface Type Asphalt

Interior Features

Interior Features Inside StoragePrivate Restroom

Property Features

Age Description 51-75 Years Business Type OtherSrvc-Business Current Use RetailBusinessWarehouse In Flood Plain No Inside City Limits Yes Leasable Area 14574 Leased YN Yes Listing Agreement Exclusive Right To Sell Listing Terms CashConventional1031 Exchange Location Features Free StandingStrip Center Maintenance Provided YN No Occupancy Description Tenant OccupiedTenant To Continue Possession Negotiable Property Sub Type Retail Sale Includes Building OnlyBusiness And Re Tax Total Amount 25524 Transaction Type Sale Utilities Service - 220VElectric To SiteGas To SiteWater/Sewer Zoning Cn

Listing information © 2023 Heartland MLS as distributed by MLSGRID.
Listing courtesy of Compass Realty Group.



Heartland MLS Terms of Use

The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. ("Heartland MLS"). Copyright 2023, Heartland Multiple Listing Service, Inc. Heartland MLS and Ron Henderson & Associates | Keller Williams Northland Partners do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. Data last updated: 2023-12-08T16:45:46.723.

Based on information submitted to the MLS GRID as of 2023-12-08T16:45:46.723 All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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