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Goodyear Auto Service 5636 Hedge Lane Ter

6,040 SF Retail Building Shawnee, KS 66226 $1,881,600 ($312/SF) 6.75% Cap Rate

Investment Highlights

  • 2002 Build-to-Suit Goodyear Auto Service Shop With 5 Years Remaining in Current Term
  • 22+ Years of Operating History Showing Tenant Commitment to Location - Current Owner is in the Process of Replacing HVAC
  • Affluent Kansas Community With 52,000+ Residents Within 5 Miles Having an Average Household Income of Over $163K
  • Recently Exercised 5 Year Renewal Option Showing Tenant Commitment to Site
  • NN Friendly Lease With Minimal LL Responsibilities, Only For Roof, Structure and HVAC
  • Subject Property is Near Several National Credit Retailers With Big Box Tenants, Apartments, and Schools Within 2 Miles Creating Additional Customers

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,040 SF
Building Class
B
Year Built/Renovated
2002/2014
Price
$1,881,600
Price Per SF
$312
Cap Rate
6.75%
NOI
$127,008
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Land Acres
0.94 AC
Zoning
CH
Parking
15 Spaces (2.48 Spaces per 1,000 SF Leased)
Frontage
188 FT on Hedge Ln Ter

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
QP50320000-0006
Land Assessment
$133,625
Improvements Assessment
$361,843
Total Assessment
$495,468
  • Listing ID: 33522069

  • Date on Market: 10/15/2024

  • Last Updated:

  • Address: 5636 Hedge Lane Ter, Shawnee, KS 66226

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