Investment Highlights

NEW 15-YEAR CORPORATE GROUND LEASE
» Strong corporate guarantee – 300+ locations
» Absolute NNN ground lease, ideal for passive investors
» Scheduled rental increases, providing a hedge against inflation

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Excellent location with visibility and access to 43,440 vehicles per day along Shawnee Mission Parkway, which runs parallel to Frontage Road
» Easy access to Interstate 35, the primary thoroughfare connecting Shawnee to downtown Kansas City, with 153,000 vehicles per day
» Surrounded by major national retailers, restaurants, and service providers
» Close proximity to Oak Park Mall, the largest mall in Kansas

IRREPLACEABLE INFILL LOCATION IN RAPIDLY GROWING AREA WITH ROBUST DEMOGRAPHICS
» Shawnee is the third fastest growing city in Kansas and the Kansas City MSA
» Located in Johnson County, the most populous county in Kansas
» Johnson County has the highest median household income and highest percapita income in Kansas
» Population of 211,478 within a five-mile radius of the property

Click Here to Download Offering Memorandum

Property Description

SOLD

The property is located at the corner of Frontage Road and Goddard Street, with Frontage Street running parallel to Shawnee Mission Parkway, which has excellent access and visibility to 43,440 vehicles per day. Shawnee Mission Parkway is a major thoroughfare that connects the main cities included in the Shawnee Mission mailing address. Access to Interstate 35 is just over a mile from the property, with an average traffic count of 153,000 vehicles per day. Interstate 35 is a major north-south highway and connects Shawnee to downtown Kansas City. The property is located in a major retail corridor, in the company of national tenants such as Target, Panera Bread, and Walgreens, among many others.

Several major retail centers are close to the property. Merriam Village and Merriam Town Center are less than two miles from the property. The shopping plazas feature 35 stores, including multiple big box retailers. Additionally, Oak Park Mall is just over four miles from the property. The largest mall in Kansas and the Kansas City MSA, the mall is home to many retailers that do not have retail locations elsewhere in the Kansas City metropolitan area. Other significant services near the property include Shawnee Mission Northwest High School, which has an enrollment of over 1,800 students, and the 504-bed Shawnee Mission Medical Center.