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23938453
23938454

6811 W 135th St, Overland Park, KS 66223

IS
CA 01497897
CBRE - Orange County
ML
CA 01984445
CBRE - Orange County
Listed by CBRE - Orange County
$11,485,000
353 days on market
Updated 30 days ago

Dave & Buster's | Overland Park, KS

Details
APN 046-079-32-0-20-25-003.00-0
Property Type Retail
Sub Type Restaurant
Square Footage 40,471
Cap Rate 8.5%
NOI $976,104
Tenancy Single
Brand/Tenant Dave & Buster's
Lease Type NN
Lease Expiration 01/31/2033
Remaining Term 7.7
Rent Bumps Yes
Lease Options 3 - 5 year options
Broker Co-Op Yes
Year Built 2017
Buildings 1
Acreage 0.995
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple

Retail | 8.50% CAP | 40,471 SqFt

Investment highlights

Dave & Buster’s owns and operates over 232 venues in North America under two brands: Dave & Buster’s and Main Event.

The corporate lease structure is double net (NN), with some landlord responsibilities.

There are just under seven (6.8) years remaining (as of 05/2025) on the lease term, plus three (3), five (5) year options.

The lease provides for 10% rental increases every five (5) years.

Dave & Buster’s is part of Corbin Park, a vibrant, 1.1 Million SF retail village on that that offers a mix of shopping, dining, and entertainment options. Tenants include Sprout’s, Scheels, JCPenney, Kirkland’s, Life Time Fitness and more.

Corbin Park is the 5th largest shopping center in the entire state of Kansas.

The average household income in the three (3) mile demographic ring is an affluent $181,557.

There are 196,085 residents located in the five (5) mile demographic ring.

The subject property is located near the intersection of W 135th St. and Metcalf Ave., which see high combined traffic counts of over 100,400 cars per day.

Niche ranked Overland Park as the #2 Best City to Buy a House in America, the #7 Best City to Raise a Family in America, and the #8 Best City to Live in America for 2025.

Overland Park is an is a thriving and affluent suburb of Kansas City, and is home to major employers including HCA Midwest Health, T-Mobile US Inc., Black & Veatch, and Netsmart Technologies.

The subject property is 20.6 miles (24 minutes) from Kansas City, MO and 65.2 miles (60 minutes) from Topeka, KS, which is the state capital of Kansas.

Listing Contacts

IS
CA 01497897
CBRE - Orange County
ML
CA 01984445
CBRE - Orange County
Listed by CBRE - Orange County

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$976,104.00
$81,342.00/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

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Additional Information

Name
Doug McFadden
License
KS Lic. 00045197
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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