8035 Lenexa Dr Overland Park, KS 66214
- Retail properties
- 19,765 SF
- 2.80 lot acres
Current Use by Public Records
- B Street Collision - Overland Park / Auto Dent Removal Service / Car Repair And Maintenance Service
Property Details for 8035 Lenexa Dr
- Lot size
- 2.80 lot acres
- Property size
- 19,765 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 19,765-square-foot, single-tenant, absolute NNN leased auto shop located at 8035 Lenexa Dr, Overland Park, KS 66214. The property sits on a 2.8-acre lot and includes 104 parking spaces. Currently 100% occupied by B Street Collision, the property boasts a new 15-year lease commencing April 1, 2024, and expiring March 31, 2039, with four, 5-year renewal options. The lease features a 10% rent increase every five years, ensuring consistent income growth. The property's strong financial performance is highlighted by a $381,000 net operating income (NOI) and a 6.35% cap rate. The asking price is $6,000,000, translating to $303.57 per square foot. This investment offers a secure, long-term lease with a financially stable tenant, minimal landlord responsibilities, and significant upside potential in a prime Overland Park location within Johnson County. The tenant, B Street Collision, is an established and reputable operator with a strong track record. The lease is guaranteed by B Street Collision Holdings, LLC. The property's irreplaceable zoning and high barrier to entry further enhance its value and long-term prospects.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Overland Park
- County
- Johnson
- State
- Kansas
- Longitude
- -94.7062
- Latitude
- 38.9825
