Absolute Triple Net
11830 W 75th St Shawnee, KS 66216
11830 W 75th St, Shawnee, KS, 66216
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For Sale
Contact for pricing
Walgreens operates under an absolute triple net lease with 8+ years remaining.
Property Size14,735 SF
Price / SF$265.87
Days on Market95
Property Features for 11830 W 75th St
General Information
- Standard status
- Active
- Size
- 14,735 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2009
Listing agency
Pharma Property Group
(619) 297-0055
Listed by
Jason Pongsrikul · License #CA 01918332
Source
Crexi
Added: Apr 20 Updated: Jul 22 at 9:11PM Checked: Jul 22 at 9:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pharma Property Group
Investment Insights
Based on property information with market context.
This for-sale Walgreens property is operated by Walgreens and has been in place for 17 years. The lease is described as an absolute triple net structure, with no landlord obligations, and it provides for more than 8 years remaining.
The property is an outparcel to Westbrooke Green Shopping Center. In January 2026, the City of Shawnee approved renovations to the shopping center, including a new lease with El Mercado Fresca replacing the former Dillon’s Grocery store.
The surrounding area includes recently delivered residential and employment drivers. A completed Chadwick multifamily development less than 0.25 miles north delivered 345 luxury apartment units, and AdventHealth Shawnee Mission, a 504-bed hospital campus, is about 1.5 miles east following a $35 million expansion. Pine Ridge Business Park, less than one mile south, is a 232-acre campus with over 5.9 million square feet of industrial and manufacturing space.
The property is an outparcel to Westbrooke Green Shopping Center. In January 2026, the City of Shawnee approved renovations to the shopping center, including a new lease with El Mercado Fresca replacing the former Dillon’s Grocery store.
The surrounding area includes recently delivered residential and employment drivers. A completed Chadwick multifamily development less than 0.25 miles north delivered 345 luxury apartment units, and AdventHealth Shawnee Mission, a 504-bed hospital campus, is about 1.5 miles east following a $35 million expansion. Pine Ridge Business Park, less than one mile south, is a 232-acre campus with over 5.9 million square feet of industrial and manufacturing space.
Key Highlights
- Walgreens at 11830 W 75th St, Shawnee, KS 66214, built in 2009
- Absolute triple net lease with 8+ years remaining on the lease term
- Walgreens has operated at this location for 17 years
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $212.2k | $14.40 |
| − Vacancy | −$8.7k | −$0.59 |
| EGI | $203.5k | $13.81 |
| − OpEx | −$50.9k | −$3.45 |
| NOI | $152.6k | $10.36 |
14,735 SF · lease $14.40/SF/yr · vacancy 4.10% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.18M
$1.91M – $2.54M
NOI $152,613 @ 7.0% cap · market cap 3.90%
Second Best
Retail
$2.03M
$1.78M – $2.37M
NOI $142,439 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$3.57M
$3.12M – $4.16M
NOI $249,630 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Drug stores
Similar For Sale Nearby
Similar Off Market Nearby
- Michael G. Ballenger, PharmD — Shawnee, KS 66216
- CVS — 13438 w 62nd terrace, shawnee, ks 66216
- Impressive Glow — 12426 W 62nd Terrace, Shawnee, KS 66216
- Smoothie King — 12106-B Shawnee Mission Pkwy, Shawnee, KS 66216
- Natural Grocers — 13335 Shawnee Mission Pkwy, Shawnee, KS 66216
FAQs
What type of property is this?
Drug store - Walgreens operates under an absolute triple net lease with 8+ years remaining.
Where is this drug store located?
The property is located at 11830 W 75th St Shawnee, KS.
What is the asking price?
The asking price for this property is $3,917,647.
What are key features of this property?
This property features: Walgreens at 11830 W 75th St, Shawnee, KS 66214, built in 2009; Absolute triple net lease with 8+ years remaining on the lease term; Walgreens has operated at this location for 17 years
