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Broadmore Kennels 20614 W 47th St

8,300 SF 100% Leased Flex Building Shawnee, KS 66218 $1,300,000 ($157/SF) 7.23% Cap Rate

Investment Highlights

  • Predictable revenue growth with a 2% annual rent increase every July 1st, aiding in hedge against inflation
  • Seller is committed to replacing one HVAC system at a cost of $11,000, ensuring the property is well-main- tained for the tenant
  • Stable investment with a single tenant on their second year of a 10-year lease, providing long-term rental income
  • Tenant, Village Pet Care, comes with the financial backing of General Atlantic, indicating reliable payment history and potential for lease renewals
  • Property upgrades include new roofs installed in August 2024 with 20-year transferable warranties, en- hancing property value and reducing near-term m
  • 4 Buildings Total: 5,000 SF, 3,300 SF, and 2 large sheds

Executive Summary

20560 W 47th St, Shawnee, KS 66218 offers a chance for you to own a stable investment with low maintenance and cash flow. The Tenant is in their 2nd year of a 10 year Lease with 2 additional 5-year options. New roofs installed in August 2024. Seller will install new HVAC for those older than 7 years, asphalt the parking lot and roads, plus install a bridge over the ravine to Building 1 prior to closing

Property Facts

Price $1,300,000
Price Per SF $157
Sale Type Investment
Cap Rate 7.23%
Property Type Flex
Building Class B
Rentable Building Area 8,300 SF
No. Stories 1
Year Built/Renovated 1984/2024
No. Drive In / Grade-Level Doors 2

Amenities

  • Signage
  • Storage Space
  • Air Conditioning
  • Listing ID: 34111586

  • Date on Market: 12/6/2024

  • Last Updated:

  • Address: 20614 W 47th St, Shawnee, KS 66218

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