9128 MARSHALL DR Lenexa KS 66215-3856

The 90,122 rentable square foot multi-tenant center is 89% leased to an array of E-Commerce resistant tenants. The tenants are drawn to the Property due to its strong locale along Interstate 35, as well as strong, growing demographics. 

Rensenhouse of Light’s the Property's largest tenant has occupied the property since it was built in 1974. The Investment has been over 80% leased for the last 10 years.

• LONG TERM TENANCY Rensenhouse of Lights makes up 22% of the GLA and has been a tenant at the Property since 1974. The Property has been at 80% occupancy or higher for over a decade.

• GREAT VISIBILITY AND HUGE TRAFFIC The Investment sits on Marshall Drive, an access road to Interstate 35. Marshall Drive see’s over 30,000 VPD, while Interstate 35 sees over 70,000 VPD.

• REPLACEABLE RENTS The average rent is $9.29 psf, with 40% of the tenant base paying less than $10 psf.

• E-COMMERCE RESISTANT 100% of the Property is E-Commerce Resistant further safeguarding against on-line retail growth. 

• OUTSTANDING RETURNS + SIGNIFICANTLY BELOW REPLACEMENT The Investment offers an investor a going-in cash-on-cash return in the mid-teens, is positioned on 5.29 acres and is priced at $90 per rentable square foot, a basis that is a dramatic discount to replacement cost.

• NEW PARKING New parking overlay as of Spring 2017.