Shawnee, KS 66216,12119 Johnson Drive DR
Shawnee, KS 66216,12119 Johnson Drive DR
Shawnee, KS 66216,12119 Johnson Drive DR
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Listed by Haley Epps • Compass Realty Group
$1,900,000
Est. payment /mo
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0.58 Acres Lot
Active

12119 Johnson Drive DR Shawnee, KS 66216

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Abby Powers

Abby Powers

+1(913) 963-4753

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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2562826

Year Built 1967

Annual Tax Amount $25,524

Lot Size 0.579 Acres

Acres 0.5794766

Property Sub-Type Retail

Source hmls

Property Description

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.

Location

State KS

County Johnson

Zoning CN

Interior

Interior Features Storage, Private Restroom

Fireplace N

Exterior

Exterior Feature Building Sign, Display Window

Utilities Available Service - 220v, Natural Gas Available, Water Available

Building

Story 1

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Heartland MLS KS / Southeast Kansas AOR

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Abby Powers

Abby Powers

Agent | License ID: 2017015953

+1(913) 963-4753

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