Shawnee KS Real Estate & Commercial for Sale

This fully occupied retail strip mall with an 7.76% Capitalization Rate (CAP Rate) presents an enticing investment opportunity. Here are the key details about this property: Prime Location: The property benefits from a high traffic count, which is excellent for attracting customers and ensuring visibility for the businesses within the strip mall. Owner Occupied with Long-Term Tenants: The fact that the building is owner-occupied and has five additional tenants on long-term leases is a positive sign for investors. Long-term leases provide stability and a steady income stream. Recent Upgrades: The property has seen recent upgrades, including a new roof, windows, flooring, lighting, garage doors and interior/exterior paint. These updates can help reduce maintenance costs and enhance the overall appeal of the strip mall. Versatile Spaces: The presence of three drive-in garages (each 10x10 in size), office spaces, a kitchen, and an unfinished basement provides versatility for various types of businesses. This versatility can attract a diverse range of tenants. Income Potential: The 8% CAP Rate is a key metric for investors, indicating a potentially favorable return on investment relative to the property's price. Low Vacancy Risk: Given the long-term leases in place, the risk of vacancies is reduced, providing a more stable income stream for investors.

75' x 200' = 15,000 SF Industrial Building Intended Use is a Truck Service Maintenance Facility - 7 - 14' x 16' Drive Through Bays (14 total drive-in doors) - 22' Clear Height w/ 24 x 24 Column Spacing - 1,000 SF Office w/ Common Area + Space for Future Break Room - 600 AMP, 480 Volt 3-Phase - 1.75 Acres Well Located in Cul-de-sac Off of 83rd Street - 3 Bathrooms - 2 in Office, 1 in Shop - Potential Mezzanine Above Office Area for Additional Storage - TI Negotiable Based on Credit and Terms - Built-In Floor Drains to a Water Separator System - ESFR Fire Protection - Tilt Up Concrete Construction | New Concrete Pad - AC & Heat in Office | Radiant Heat in Warehouse - Exterior Pole & Wall Pack Lighting - Roof & Parking Lot Drain West to a Parana that Drains to Detention Pond Offsite - Entire Property Can Be Fenced