15305 W 67th St - Restaurant FOR SALE


Shawnee, KS 66217
$3,351,000 USD
917-336-9067
15305 W 67th St, Shawnee, KS for Sale
$3,351,000 USD
Restaurant - FOR SALE
1/5
null | 6.5% Cap Rate

15305 W 67th St
Shawnee, KS 66217


HIGHLIGHTS

  • Franchisee Guaranteed Lease | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Across From Target Anchored Center | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners, LLC in collaboration with Goldman Investment Advisors, Inc. is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Chili’s investment property located in Shawnee, Kansas. The tenant, Chili’s, has 7+ years of lease term remaining with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The Chili’s is located near the signalized, hard corner intersection of Shawnee Mission Pkwy and Lackman Rd which combine to average over 48,700 vehicles passing by daily. Shawnee Mission Pkwy is the major retail thoroughfare serving the city of Shawnee. The Chili’s is located across from a Target and Kohl’s anchored center that also features national/credit tenants including PetSmart, Bed Bath & Beyond, Chipotle, Jersey Mike’s, Ross, Michaels, AT&T, and more. In addition, the asset is also across from a Walmart Supercenter and Lowe’s anchored center that also features national/credit tenants such as McDonald’s, Subway, and Club Car Wash. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a The Home Depot, Hy-Vee, Planet Fitness, Orangetheory, Starbucks, Taco Bell, Dunkin’, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 156,700 employees and 100,600 residents with an average household income of $120,296.

FOR SALE DETAILS

PRICE

$3,351,000 USD

PRICE/SF

$1,117 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chili's Grill & Bar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

124

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,378 SF

ZONING

CN

APN/PARCEL ID

QP66450000-0006

ASK ABOUT THIS PROPERTY

Nick SantagataSRS National Net LeaseMore Info
917-336-9067

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Nick SantagataSRS National Net LeaseMore Info
917-336-9067

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.