9535 METCALF AVE Overland Park KS 66212-2217

Matthews™ is pleased to announce a new Andy’s Frozen Custard listing located in Overland Park, KS (Kansas City MSA). The tenant has over 100 locations across 14 states providing a strong security of income. The lease is also backed by Dana & Anthony Kuntz; CEO's of Andy's Frozen Custard. The subject property is in a high-growth retail corridor—adjacent to Lowe's Home Improvement, Chick Fil A, Whataburger, Bank of America, Taco Bell, Texas Roadhouse, The Home Depot, Red Lobster, and more.

The lease is absolute NNN and has a rent increase due soon—increasing cap rate to 7.56% in less than a year.

• Long-Term Lease with ±16 years remaining on the primary term.

• Rent Increase Due Soon -- 8% increase in under a year improves cap rate to 7.56%.

• Absolute Triple-Net Lease (NNN) – Zero Landlord Responsibilities.

• Corporate & Personal Guarantee -- Andy's has over 100 locations across 14 states providing a strong security of income. The lease is also backed by Dana & Anthony Kuntz; CEO's of Andy's Frozen Custard.

• Shopping Center Outparcel -- adjacent to Lowe's Home Improvement, Chick Fil A, Whataburger, Bank of America, Taco Bell, Texas Roadhouse, The Home Depot, Red Lobster, and more.

• New Development Location -- built in 2019 demonstrates commitment to the location.

• Ecommerce-Proof Investment -- service industry is not exposed to industry disruption.

• Strong Demographics -- Over ±254K residents in a 5-mile radius.

• Heavy Retail Growth -- new development shopping center.

• High Visibility and Traffic Volume -- ±32,000 vehicles per day on Metcalf Ave.