9301-9331 Quivira Rd Overland Park, KS 66215
- Lifestyle centers
- 65,216 SF
- 6.01 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 9301-9331 Quivira Rd
- Lot size
- 6.01 lot acres
- Property size
- 65,216 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 65,216-square-foot shopping center in Overland Park, Kansas, presents a compelling investment opportunity. Located at 9301-9331 S Quivira Rd, 66215, this property boasts a 100% occupancy rate with two prominent tenants: Best Buy, occupying 72% of the building, and Planet Fitness, occupying 28%. Both tenants are on triple-net (NNN) leases, minimizing ownership responsibilities. The property sits on a 6.01-acre lot and enjoys excellent visibility and signage on Quivira Road, a high-traffic area. Its strategic location across from Oak Park Mall, the largest mall in the Kansas City metro area, ensures high foot traffic and brand recognition. The strong tenant mix, consisting of dominant market leaders in their respective retail categories, provides stability and predictable income. Both Best Buy and Planet Fitness are backed by publicly traded companies, offering excellent public market capitalization and potential for future lease extensions with built-in rent increases. The purchase price reflects current in-place rents, and the property benefits from its position in a thriving retail corridor alongside major national retailers such as Target, Nordstrom, Macy's, TJ Maxx, HomeGoods, Michaels, Sam's Club, and Nordstrom Rack. This investment-grade retail property offers a 6.00% cap rate and presents a rare opportunity to acquire a well-positioned, high-performing asset in a prime Kansas City location.
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
- -94.7233
- Latitude
- 38.9592
