9691 Metcalf ave - Fast Food FOR SALE
Overland Park, KS 66212 |
$1,998,000 USD
844-585-7682
9691 Metcalf ave
Overland Park, KS 66212
HIGHLIGHTS
- New Construction Single-Tenant Panera Bread with Drive-Thru: Absolute NNN ground lease
- Below Market Rent From True Ground Lease: Panera paid for all of the cost of the building which has created a rent that is over 50% below market
- The Property is Located Along Overland Park’s Most Dominant Retail Thoroughfare, Metcalf Avenue (38,000 CPD)
- Robust Retail Corridor; Neighboring Development: The property is part of the newly re-developed Metcalf South Shopping Center corridor
- Kansas City MSA: 31st largest MSA in the nation; 2.35 million population
FOR SALE DETAILS
PRICE
$1,998,000 USD
PRICE/SF
$571 USD /SF
CAP RATE
5.01%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Panera Bread | Overland Park, KS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.9 AC
LAND SF
39,204 SF
ZONING
-
APN/PARCEL ID
NP56600000-001A
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844-585-7682
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844-585-7682
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