9101 Metcalf Ave Overland Park, KS 66212-1404
- Strip malls
- 16,037 SF
- 1.41 lot acres
Feb 18, 2025
Current Use by Public Records
- AT&T Store / Cell Phone Store / Cell Phone Accessory Store
Property Details for 9101 Metcalf Ave
- Year built
- 2014
- Construction
- FRAME
- Lot size
- 1.41 lot acres
- Property size
- 16,037 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- NP24150000 0001
- APU
- NP241500000001
Description
Glenwood Commons, a 16,063 square foot shopping center in Overland Park, Kansas, presents a compelling investment opportunity. This single-story, 2015-built property sits on a 1.41-acre lot at 9101 Metcalf Ave, zip code 66212, and boasts a 100% occupancy rate with eight tenants. The property operates under a triple-net (NNN) lease structure, offering a stabilized investment with a strong net operating income (NOI) of $376,080 and a 6.50% cap rate. The asking price is $5,790,000, translating to $361.06 per square foot. Conveniently located in the revitalized Metcalf Corridor, between Downtown Overland Park and I-435 and Metcalf, this center benefits from significant recent area improvements totaling over $769.5 million. The property features ample parking with a ratio of 5.5 spaces per 1,000 square feet. This multi-tenant retail center is anchored by a mix of successful national and regional businesses, ensuring a stable and attractive investment profile. The ground lease is in place.
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
- -94.6669
- Latitude
- 38.9635
- CBSA code
- 28140
- CBSA name
- KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
