5320 College Blvd Overland Park, KS 66211-1621

Property Details for 5320 College Blvd

Year built

1984

Construction

CONCRETE

Lot size

0.17 lot acres

Property size

6,329 SF

Zone code

CP0

Property type

Office Properties & Spaces

APN

NF251309-2053

APU

NF2513092053

Description

This exceptional 6,330-square-foot medical office building, located at 5320 College Blvd in Overland Park, Kansas (66211), presents a compelling investment opportunity. The property, built in 1984 and classified as Class B, is currently 100% occupied by a single tenant under a 5-year NNN lease. The building functions as a fully leased cath lab and wound treatment center, offering strong, stable income. The property boasts a Net Operating Income (NOI) of $216,000, resulting in a 7.40% capitalization rate. Conveniently situated just two minutes south of I-435, with access from both College Blvd and 110th St, the building benefits from high traffic volume in a thriving medical area near Children's Mercy Hospital Kansas. Its proximity to the Overland Park Convention Center further enhances its desirability. The property's APN is 302-78-854A & 855A. The asking price is $2,918,920. While the lease is currently for 5 years, marketing materials mention a 10-year NNN lease with 2% annual increases and a 3-year corporate guarantee in separate investment highlights. The high traffic count of approximately 64,000 vehicles per day at the intersection of College Blvd and Nall Ave underscores the location's strong commercial viability. This is a rare opportunity to acquire a stable, high-performing medical office building in a prime Overland Park location.