Freestanding NNN
For Sale
$482,040
5915 Broadmoor St, Mission, KS 66202
Fee-simple ownership includes the land and building under a triple-net lease with limited landlord responsibilities.
Property Size2,500 SF
Days on Market187
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Property Features for 5915 Broadmoor St
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Occupancy
100%
Net Operating Income
$48,204
Additional Details
Traffic Count
18,501 vehicles/day
Building Details
Building Size
2,500 SF
Year Built
1946
Buildings
1
Tenancy
Single
Listing Agency:
Matthews Real Estate Investment Services
Listed By:
Cameron Davodi · License #02237200 (CA)
(424) 277-6755
Source:
Matthews
Added: Apr 12
Changed: Oct 8
Last Checked: Oct 14 at 7:38PM
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 Matthews Real Estate Investment Services
Investment Insights
Based on property information with market context.
This fee-simple offering includes the land and building occupied by a freestanding veterinary clinic under a triple-net lease. Heartland Veterinary Partners is the tenant, with more than 3 years remaining in its second renewal option. The lease provides flat 3% increases at the beginning of each option period and assigns limited responsibilities to the landlord.
The property fronts Broadmoor Street and has a facade sign along the street. It is positioned near Target, CVS Pharmacy, and HyVee, with the Johnson Drive and Broadmoor Street intersection generating 18,501 vehicles daily. The surrounding 5-mile trade area includes 254,922 residents and 139,583 daytime employees, with average household income of $126,470. The veterinary practice has operated at this location for over 70 years.
The property fronts Broadmoor Street and has a facade sign along the street. It is positioned near Target, CVS Pharmacy, and HyVee, with the Johnson Drive and Broadmoor Street intersection generating 18,501 vehicles daily. The surrounding 5-mile trade area includes 254,922 residents and 139,583 daytime employees, with average household income of $126,470. The veterinary practice has operated at this location for over 70 years.
Key Highlights
- Freestanding veterinary clinic with fee‑simple land and building ownership
- Triple‑net lease with more than 3 years remaining in the second renewal option
- Lease includes flat 3% increases at the start of each option period
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,167
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,340
$483.3K
Cap Rate 7%
$345,243
$345.2K
Cap Rate 9%
$268,522
$268.5K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$36.0K $14.40/SF
− Vacancy
−$1.5K −$0.59/SF
EGI
$34.5K $13.81/SF
− OpEx
−$10.4K −$4.14/SF
NOI
$24.2K $9.67/SF
Area
Johnson County, KS
Vacancy
4.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,340
Cap Rate 7%
$345,243
Cap Rate 9%
$268,522
Alternative Uses
Best Use
Retail
$345.2K
$302.1K – $402.8K
NOI $24,167 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$605.0K
$529.4K – $705.9K
NOI $42,353 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
18,501 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
211k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Apparel 10%
Shops & Services 8%
Groceries 3%
Chick-fil-A
Dining
43,013 visits/mo
0.4 miles
Culver's
Dining
21,966 visits/mo
0.4 miles
McDonald's
Dining
20,014 visits/mo
0.4 miles
Panera Bread
Dining
13,393 visits/mo
0.3 miles
Rally House
Apparel
13,100 visits/mo
0.3 miles
Demographics for 66202, KS
16,827
Population
9,308
Households
1.8
Avg Household Size
37
Median Age
51%
College-Educated
97%
High-School Grad
5.3 sq mi
ZIP Area
3,175
Density / Sq Mi
$72,148
Median Household Income
$51,557
Median Earnings
$1,228
Median Rent
$264,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - Fee-simple ownership includes the land and building under a triple-net lease with limited landlord responsibilities.
Where is this nnn property located?
The property is located at 5915 Broadmoor St Mission, KS.
What is the asking price?
The asking price for this property is $482,040.
What are key features of this property?
This property features: Freestanding veterinary clinic with fee‑simple land and building ownership; Triple‑net lease with more than 3 years remaining in the second renewal option; Lease includes flat 3% increases at the start of each option period
