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31391115
31391116

11215 Shawnee Mission Pkwy, Shawnee, KS 66203

HM
MO MO 2004031968, MO 00238349
Crossroads Real Estate Group
Listed by Crossroads Real Estate Group
$12,700,000
96 days on market
Updated 76 days ago

Parkway Shopping Center

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 88,505
Net Rentable (SqFt) 88,505
Units 3
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 8
Pro-Forma Cap Rate 7.19%
Pro-Forma NOI $913,443
Price per SqFt $143
Year Built 1985
Year Renovated 2016-2026
Buildings 1
Stories 1
Acreage 5.660
Investment Type Stabilized
Occupancy Date 03/30/2026

Parkway Shopping Center | Fully Leased | 7.2% CAP | Shawnee, KS (Kansas City MSA)

Marketing description

Crossroads Real Estate Group is pleased to present the exclusive listing of Parkway Shopping Center, a premier retail investment opportunity in Shawnee, Kansas. Parkway Shopping Center provides investors with reliable, predictable cash flow thanks to a new, freshly executed 10 year lease to Burlington and a renewal that Harbor Freight initiated over 18 months early.

Three tenant spaces comprise the shopping center’s total 88,505 square feet of net-rentable area, delivering a diversified, value-oriented merchandising mix. Burlington is relocating from a neighboring center and expects to open in early 2027. Other tenants include Harbor Freight, in place since 2004 and City Thrift, in place since 2017.

Ideally situated along the dynamic Shawnee Mission Parkway commercial corridor, the property enjoys high visibility, robust consumer traffic, and excellent accessibility near major highways. As a retail hub with convenient proximity to key North Johnson County communities, the Shawnee Mission Parkway corridor promises to draw customers from an expansive consumer base. This established trade area benefits from the region’s high concentration of national retailers.

Investment highlights

High Demand Location | Concentration of compatible retailers

Tenant Longevity | 8.8 Year Average Remaining Term

Ideal Tenant Base | Well-aligned to surrounding demographics

Exceptional Condition | $3.6M+ capex mitigates near term cost risk

Convenient Accessibility | I-35 within 1.5 miles

Attractive Economics | Long-term NNN Structure

Potential Tax Rebate Program Eligibility | See NTRA program details in deal file

Listing Contacts

HM
MO MO 2004031968, MO 00238349
Crossroads Real Estate Group
Listed by Crossroads Real Estate Group

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Zoning

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Last updated Jun 3, 2026 For deeper zoning details, reports are available at Zoneomics

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