Courtesy: Compass Realty Group
Haley Epps
913-558-5958
This fully occupied retail strip mall with an 7.76% 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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Shawnee is located in Kansas. Shawnee, Kansas has a population of 67,021. Shawnee is more family-centric than the surrounding county with 38.64% of the households containing married families with children. The county average for households married with children is 37.57%.
The median household income in Shawnee, Kansas is $93,835. The median household income for the surrounding county is $96,059 compared to the national median of $69,021. The median age of people living in Shawnee is 37.4 years.
The average high temperature in July is 88.1 degrees, with an average low temperature in January of 19.2 degrees. The average rainfall is approximately 40.7 inches per year, with 15.3 inches of snow per year.
