Single-Tenant Retail
7540 W 135th St Overland Park, KS 66223
For Sale
Contact for pricing
For sale La-Z-Boy retail property located within the Overland Pointe Retail Node near major national retailers.
Property Size20,278 SF
Price / SF$281.09
Days on Market81
Property Features for 7540 W 135th St
General Information
- Standard status
- Active
- Size
- 20,278 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing Agency:
Trinity Real Estate Investment Services
(972) 921-8464
Listed By:
Brad Motley · License #TX 586199
Source:
Crexi
Added: May 5
Changed: Jul 23
Last Checked: Jul 23 at 3:05PM
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 Trinity Real Estate Investment Services
Investment Insights
Based on property information with market context.
Trinity Real Estate Investment Services presents the opportunity to acquire a La-Z-Boy retail property in Overland Park, KS. The offering is situated within the village of Overland Pointe Retail Node, positioned among a strong mix of national retail and dining.
The surrounding tenant base includes Sam’s Club, Home Depot, Costco, Chick-fil-A, Chipotle, JCPenney, and Ulta, along with dozens of additional national retailers. This concentration of established brands supports a commercial environment designed to capture consistent neighborhood and destination shopping demand.
The property is offered for sale, with the La-Z-Boy brand as the stated subject use.
The surrounding tenant base includes Sam’s Club, Home Depot, Costco, Chick-fil-A, Chipotle, JCPenney, and Ulta, along with dozens of additional national retailers. This concentration of established brands supports a commercial environment designed to capture consistent neighborhood and destination shopping demand.
The property is offered for sale, with the La-Z-Boy brand as the stated subject use.
Key Highlights
- La‑Z‑Boy retail property for sale in Overland Park, KS
- Year built: 2006
- Located within the Overland Pointe Retail Node surrounded by national retailers
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 | $365.0k | $18.00 |
| − Vacancy | −$27.4k | −$1.35 |
| EGI | $337.6k | $16.65 |
| − OpEx | −$101.3k | −$5.00 |
| NOI | $236.3k | $11.66 |
20,278 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.38M
$2.95M – $3.94M
NOI $236,340 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.22M
$4.57M – $6.10M
NOI $365,734 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
La-Z-Boy Home Furnishings ...
Furniture & Home Goods
FAQs
What type of property is this?
Retail space - For sale La-Z-Boy retail property located within the Overland Pointe Retail Node near major national retailers.
Where is this retail space located?
The property is located at 7540 W 135th St Overland Park, KS.
What is the asking price?
The asking price for this property is $5,700,000.
What are key features of this property?
This property features: La‑Z‑Boy retail property for sale in Overland Park, KS; Year built: 2006; Located within the Overland Pointe Retail Node surrounded by national retailers
