Retail Space Near Whole
12020 Metcalf Ave, Overland Park, KS 66213
Call to check price and availability
Retail space with lease extension in top Kansas City location.
Type:Retail
Property size:
28,163 SFPrice / SF:
$188/SF- Added:
- Jan 27, 2026
- Days on Market:
- 124
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 12020 Metcalf Ave
General Information
- Standard status
- Active
- Size
- 28,163 SF
- Property subtype
- Retail
Listing agent John Andreini License #CA 01440360
Listing office CP Partners (415) 274-2715
Listing date Jan 27, 2026
Source Crexi
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 CP Partners
HighLights
- Golf Galaxy: Recently signed a 5‑year lease extension.
- Three additional 5‑year extension options are available.
- First extension option includes a significant 15% rental increase.
- The second and third extension options feature a 5% rental increase.
- Located in Kansas City’s top intersection.
- Anchored by Whole Foods, ranking in the top 8% of grocery stores in Kansas (annual visits).
Overview
The property is a retail space featuring a recently signed 5-year lease extension with three additional 5-year extension options. The lease includes a 15% rental increase in the first option period and a 5% increase in the second and third option periods. The property is situated in a prominent intersection within Kansas City, anchored by a Whole Foods Market. According to Placer.ai, this Whole Foods location ranks in the top 8% of grocery stores in Kansas based on annual visits. The property size is 28,163 square feet.
Local Financial Insights For 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 | $506.9k | $18.00 |
| − Vacancy | −$38.0k | −$1.35 |
| EGI | $468.9k | $16.65 |
| − OpEx | −$140.7k | −$5.00 |
| NOI | $328.2k | $11.66 |
28,163 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.69M
$4.10M – $5.47M
NOI $328,240 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.26M
$6.35M – $8.47M
NOI $507,948 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Golf Galaxy
Golf Course
Location Insight
- Map
- Local Demand
- City
- Overland Park
- County
- Johnson
- State
- Kansas
- Longitude
- -94.669496
- Latitude
- 38.909787
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Retail space with lease extension in top Kansas City location.
Where is this retail space located?
The property is located at 12020 Metcalf Ave Overland Park, KS.
What is the asking price?
The asking price for this property is $5,308,000.
What are key features of this property?
This property features: Golf Galaxy: Recently signed a 5‑year lease extension.; Three additional 5‑year extension options are available.; First extension option includes a significant 15% rental increase.
