13501 Nall AveOverland Park, KS 66224

Property Details for 13501 Nall Ave

Lot size

1.29 AC

Property size (Sq ft)

8,686 SF

Property type

Retail properties

Property subtype

Banks

Description

Exceptional investment opportunity: a freestanding Charles Schwab bank in Overland Park, Kansas, boasting an 8,686 square foot building on a 1.29-acre lot. This NNN net lease property features a strong, investment-grade tenant (NYSE: SCHW, S&P: "A") with over 12 years remaining on a lease featuring 10% rental increases every three years, starting February 1, 2028. The property underwent a complete renovation in 2023, resulting in a 28% expansion of the building footprint. Located at a hard corner, signalized intersection with high visibility (47,754 combined VPD), this location benefits from its proximity to Prairiefire, a significant 60-acre mixed-use development encompassing 1.5 million square feet of retail, residential, office, dining, entertainment, hotel, and museum space. The surrounding area boasts a high concentration of major national retailers, including REI, Apple, Target, Home Depot, Lowe's, Bed Bath & Beyond, Sam's Club, and Sprouts. The property enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $390,870 and a 5.65% cap rate. The affluent surrounding area has 175,014 residents within a 5-mile radius and an average household income of $222,105 within a 1-mile radius. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term growth potential. The asking price is $6,918,000.

Location Insight

City

Overland Park

County

Johnson

State

Kansas

Latitude

38.8827

Longitude

-94.6482

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