13501 Nall Ave, Overland Park, KS 66224
- Retail properties & Spaces
- 8,686 SF
- 1.29 lot acres
Current Use by Public Records
- Charles Schwab / Financial Advisor
- Surge Area / Nightclub / DJ & Entertainment
Property Details for 13501 Nall Ave
- Lot size
- 1.29 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Banks
Description
Exceptional investment opportunity: a freestanding Charles Schwab bank in Overland Park, Kansas, boasting an 8,686 square foot building on a 1.29-acre lot. This NNN net lease property features a strong, investment-grade tenant (NYSE: SCHW, S&P: "A") with over 12 years remaining on a lease featuring 10% rental increases every three years, starting February 1, 2028. The property underwent a complete renovation in 2023, resulting in a 28% expansion of the building footprint. Located at a hard corner, signalized intersection with high visibility (47,754 combined VPD), this location benefits from its proximity to Prairiefire, a significant 60-acre mixed-use development encompassing 1.5 million square feet of retail, residential, office, dining, entertainment, hotel, and museum space. The surrounding area boasts a high concentration of major national retailers, including REI, Apple, Target, Home Depot, Lowe's, Bed Bath & Beyond, Sam's Club, and Sprouts. The property enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $390,870 and a 5.65% cap rate. The affluent surrounding area has 175,014 residents within a 5-mile radius and an average household income of $222,105 within a 1-mile radius. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term growth potential. The asking price is $6,918,000.
Value Estimations
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AI approach
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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
- -94.6482
- Latitude
- 38.8827
