$1,900,000

12119 Johnson Drive Drive, Shawnee, KS 66216

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1967
  • Property Lot Size Icon0.58acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 3 months ago

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.

Listing Status:
Active
Listing Office:
Compass Realty Group : 816-280-2773
Listing Agent:
Haley Epps : 913-558-5958
MLS ID:
2562826
  • General: StoragePrivate Restroom
  • General: Building SignDisplay Window
  • Parking: Parking LotPavedParking spaces: 36
  • Road/Access: City StreetOther
  • Originating MLS: hmls
  • County: JohnsonKS
  • Zoning: CNSOUTH MONROVIA LT 29 EX E1/2 &EX PT IN TR 64 IN JO DR SHC 4754QP72800000-0029B
  • Current Use: RetailSrvc-BusinessWarehouse
  • Utilities: Service - 220vNatural Gas AvailableWater Available
  • Source: hmls

This listing courtesy of Haley Epps, Compass Realty Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Ray Marsh Elementary School

5642 Rosehill Rd, Shawnee, KS, 66216

Grades KG-6

0.53 miles away

H

Hocker Grove Middle School

10400 Johnson Dr, Shawnee, KS, 66203

Grades 7-8

1.11 miles away

S

Shawnee Mission Northwest High School

12701 W 67th St, Shawnee, KS, 66216

Grades 9-12

1.13 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.