7820 Quivira RdLenexa, KS 66216

Property Details for 7820 Quivira Rd

Year built

1976

Construction

CONCRETE BLOCKS

Lot size

5.87 AC

Property size (Sq ft)

28,425 SF

Zone code

CP1

Property type

Strip malls

Property subtype

Neighborhood centers

APN

IF241222-4008

APU

IF2412224008

Description

This exceptional retail investment opportunity presents 53,625 square feet of retail space within the Quivira Square Shopping Center, located at 7820 Quivira Rd, Lenexa, Kansas, 66216. The property, situated on 5.87 acres of land in Johnson County, boasts a prime location with excellent visibility and accessibility. Built in 1976, the center comprises three single-story buildings offering a total of 275 parking spaces for customer convenience. Currently, there are three available spaces ranging from 800 to 6,000 square feet, representing a total of 6,000 square feet of vacant space. The center enjoys a high traffic count of 16,840 cars per day and is conveniently located just 1.9 miles (approximately 5 minutes) from I-35, ensuring high visibility and accessibility for potential customers. The open floor concept provides flexibility for various retail uses. Established tenants include Element Fitness and Third Coast Pizza and Margaritas Restaurant, creating a vibrant and attractive shopping environment. The property's APN is IF241222-4008. This is an ideal opportunity for investors seeking a well-located retail property with strong existing tenancy and significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $8,188,192

  6.5%

  $7,558,331

  7%

  $7,018,450

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,123,766

  Geo Method

  $5,123,766

• Alternative Use

  Use

  Valuation

  Residential

  $6,375,735

  Hospitality

  $5,840,139

  Educational

  $4,858,927

  Medical

  $5,026,033

  Retail

  $7,558,331

Location Insight

City

Lenexa

County

Johnson

State

Kansas

Latitude

38.9865

Longitude

-94.7248

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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