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Listed by Haley Epps • Compass Realty Group

$1,900,000

Est. payment - /mo

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0.58 Acres Lot

Active

12119 Johnson Drive DR Shawnee, KS 66216

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Hannah Murrell

hannahmurrell@kw.com +1(913) 617-8335

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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2562826

Year Built 1967

Annual Tax Amount $25,524

Lot Size 0.579 Acres

Acres 0.5794766

Property Sub-Type Retail

Source hmls

Property Description

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.

Location

State KS

County Johnson

Zoning CN

Interior

Interior Features Storage, Private Restroom

Fireplace N

Exterior

Exterior Feature Building Sign, Display Window

Utilities Available Service - 220v, Natural Gas Available, Water Available

Building

Story 1

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 18

10

Ray Marsh Elementary School

Public | PK - 6
9

Mill Creek Elementary School

Public | PK - 6
8

Christa Mcauliffe Elementary School

Public | PK - 6
7

Rhein Benninghoven Elementary School

Public | PK - 6
5

Merriam Park Elementary School

Public | PK - 6
4

Broken Arrow Elementary School

Public | PK - 6
4

Bluejacket-Flint

Public | PK - 6
4

Shawanoe Elementary School

Public | PK - 6
4

Nieman Elementary School

Public | PK - 6
4

Oak Grove Elementary School

Public | PK - 5
4

Comanche Elementary School

Public | PK - 6
4

Midland Trail

Public | PK - 5
0

Midland Adventist Academy

Private | KG - 12
0

Maranatha Christian Academy

Private | PK - 12
0

Good Shepherd School

Private | PK - 8
0

Hope Lutheran School

Private | PK - 8
0

Grace Christian Academy

Private | KG - 6
0

St Joseph Catholic School

Private | KG - 8

Middle Schools 3

7

Shawnee Mission Northwest High School

Public | 7 - 12
5

Hocker Grove Middle School

Public | 7 - 8
4

Trailridge Middle School

Public | 7 - 8

High Schools 1

1

Turner High School

Public | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Hannah Murrell

Agent

+1(913) 617-8335