Property History
Property Type
Property Type
Property Subtype
Marketing Description
Marcus & Millichap is pleased to offer Corbin Park - Shops at JCPenney in Overland Park, Kansas. This Leasehold Interest has 57 years left on a lease for 20,432 Sq.Ft. The lease is for $10.00 annually, and allows the owner of the leasehold the right to sublease the space, resulting in substantial cash flow over the Buyer’s hold period. Please reach out for more information.
Investment Highlights
Long Term Leasehold Interest with Minimal Expense Burdon
Long Term Leases with Scheduled Rent Increases - Paying an Average In-Place NNN Equivalent Rent of $13.00/SF
Potential Participation in Future Redevelopment of JCPenney
Upside Potential with Remaining Vacant Space
Committed Tenants - Space Expansions & Lease Extensions
Located in Class A Lifestyle/Mixed Use Center
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Property Details
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Contacts
Listing removed on
BY:
Ryan Bowlby PRO
LIC: CO FA100004157
•••.•••.2030
••••.••wlby@•••••••••••••••.com
Listing removed on
BY:
Drew Isaac PRO
LIC: CO FA.100023779
•••.•••.2048
••••.•saac@•••••••••••••••.com
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