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30874482
30874483

6510 Nieman Rd, Shawnee, KS 66203 For Sale

JK
NY 10401317069, FL SL3595928
Stream Capital Partners
GG
IL 475164964
Stream Capital Partners
Stream Capital Partners
Listed by Stream Capital Partners
$3,825,000
130 days on market
Updated 22 days ago

CVS

Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 16,904
Cap Rate 6.33%
NOI $241,971
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens, CVS Pharmacy
Lease Type Absolute NNN
Lease Expiration 01/31/2039
Remaining Term 12.5
Rent Bumps Yes
Lease Options 9, 5 Year Options
Price per SqFt $226
Year Built 1996
Acreage 2.110
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Retail | 6.33% CAP | 16,904 SqFt

Investment highlights

  • LONG TERM NNN LEASE WITH ZERO LANDLORD RESPONSIBILITIES: Over 12 years remaining on an absolute NNN lease, zero landlord involvement as the tenant covers insurance, taxes, and maintenance expenses.

  • INVESTMENT-GRADE TENANT: The lease is corporately guaranteed by CVS Health, an investment-grade tenant rated BBB by S&P Global Ratings, providing durable cash flow and enhanced credit security.
    STRONG & AFFLUENT DEMOGRAPHICS: The property is located within an affluent trade area with average household incomes of approximately $96,000 within a 5-mile radius and over 90,000 households, supporting strong consumer spending and long-term tenant demand.

  • PRIME LOCATION: Situated along Nieman Rd W, a major commuter corridor, the property benefits from strong visibility and traffic counts of over 39,000 vehicles per day.

  • KANSAS CITY MSA LOCATION: The asset is positioned within the Kansas City MSA, a stable and diversified Midwest market with a broad employment base, favorable business climate, and consistent demographic growth drivers.

  • STRONG SURROUNDING RETAIL: The property is anchored by a complementary mix of high-traffic national retailers—including Chick-fil-A, Raising Cane’s, QuikTrip, and AutoZone—which collectively drive consistent daily traffic, reinforce the corridor’s retail strength, and enhance long-term tenant demand.

  • PROXIMITY TO EDUCATIONAL ANCHORS: The site is strategically located just 1.3 miles from both Shawnee Mission Northwest High School and Rhein Benninghoven Elementary School, collectively serving over 2,000 students and supported by approximately 130+ faculty and staff. This close adjacency provides a consistent daily population base, reinforces daytime traffic, and further enhances the strength and stability of the surrounding trade area.

Listing Contacts

JK
NY 10401317069, FL SL3595928
Stream Capital Partners
GG
IL 475164964
Stream Capital Partners
Stream Capital Partners
Listed by Stream Capital Partners

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$241,971.00
$20,164.25/mo

Valuation Metrics

0
DSCR
6.33%
Cap Rate
6.33%
ROI

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Additional Information

Name
Brian Brockman
License
KS - 239819
Brokerage
Bang Realty
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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