4016 W 95Th St, Overland Park, KS 66207
- Retail space
- 14,822 SF
- 1.49 lot acres
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 4016 W 95Th St
- Year built
- 2009
- Construction
- FRAME
- Lot size
- 1.49 lot acres
- Zone code
- C1
- Property type
- Retail space
- APN
- OP36500000 0001
- APU
- OP365000000001
Description
This exceptional investment opportunity presents a fee-simple Walgreens pharmacy located at 4016 W 95th St, Prairie Village, KS 66207. The property boasts a substantial 14,820 square feet on a 69,904 square foot lot, zoned C-3. Built in 2009, this single-building property features a drive-thru and benefits from a long-term, 25-year net lease (NNN) with Walgreens, commencing January 1, 2010, and expiring December 31, 2034. With over 10 years remaining on the lease, this investment offers exceptional stability and predictable cash flow. The current asking price is $6,992,986, representing a price per square foot of $471.86 and a compelling 7.50% cap rate based on a current NOI of $524,474. The property enjoys 100% occupancy since its opening date of January 1, 2010. Situated in an affluent area of Prairie Village, Kansas, with an average household income of $152,586, this Walgreens benefits from high traffic volume and a strong demographic profile. The property is a single-tenant, NNN lease, minimizing landlord responsibilities and maximizing passive income potential. This is a rare opportunity to acquire a high-performing, net-leased Walgreens in a prime location with significant remaining lease term.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,431,000
Market price range: $455k - $1.43M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $990,000 Current use
- RESTAURANT
- $2,570,000 Change: +160% Conversion: Easy
- OFFICE BUILDING
- $1,885,000 Change: +91% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $1,410,000 Change: +43% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $970,000 Change: -2% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Prairie Village
- County
- Johnson
- State
- Kansas
- Longitude
- -94.6317
- Latitude
- 38.9572
- CBSA code
- 28140
- CBSA name
- KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
