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9301-9331 Quivira Rd Overland Park, KS 66215

KS Shopping Center - 65,216 SF

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 65,216-square-foot shopping center in Overland Park, Kansas, presents a compelling investment opportunity. Located at 9301-9331 S Quivira Rd, 66215, this property boasts a 100% occupancy rate with two prominent tenants: Best Buy, occupying 72% of the building, and Planet Fitness, occupying 28%. Both tenants are on triple-net (NNN) leases, minimizing ownership responsibilities. The property sits on a 6.01-acre lot and enjoys excellent visibility and signage on Quivira Road, a high-traffic area. Its strategic location across from Oak Park Mall, the largest mall in the Kansas City metro area, ensures high foot traffic and brand recognition. The strong tenant mix, consisting of dominant market leaders in their respective retail categories, provides stability and predictable income. Both Best Buy and Planet Fitness are backed by publicly traded companies, offering excellent public market capitalization and potential for future lease extensions with built-in rent increases. The purchase price reflects current in-place rents, and the property benefits from its position in a thriving retail corridor alongside major national retailers such as Target, Nordstrom, Macy's, TJ Maxx, HomeGoods, Michaels, Sam's Club, and Nordstrom Rack. This investment-grade retail property offers a 6.00% cap rate and presents a rare opportunity to acquire a well-positioned, high-performing asset in a prime Kansas City location.

Highlights

  • Highly desirable retail location in Greater Kansas City's top retail corridor.
  • Strong tenant mix including Target, Nordstrom, Macy's, and other national retailers.
  • High visibility and accessibility on Quivira Road with excellent traffic counts.
  • NNN leases with Best Buy and Planet Fitness, minimizing landlord responsibilities.
  • Investment-grade retail property directly across from Oak Park Mall.
  • Two-tenant building anchored by Best Buy (72%) and a major Planet Fitness franchisee (28%), both financially strong.

Property Details for 9301-9331 Quivira Rd

Property type
Lifestyle centers, Power centers
Square Feet
65,216 SF
Lot Size (sq. ft)
261,796 SF
Units
2

Location Insight

City
Overland Park
County
Johnson
State
Kansas
Latitude
38.959151
Longitude
-94.72325138

FAQs

What type of property is this?
Lifestyle center - KS Shopping Center - 65,216 SF
Where is the lifestyle center located?
The property is located at 9301-9331 Quivira Rd Overland Park, KS.
What are key features of this property?
This property features: Highly desirable retail location in Greater Kansas City's top retail corridor.; Strong tenant mix including Target, Nordstrom, Macy's, and other national retailers.; High visibility and accessibility on Quivira Road with excellent traffic counts.
How can I contact the broker?
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9301-9331 Quivira Rd
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