Adjacent to Shopping Center Redevelopment | Absolute NNN
Retail | 8.50% CAP | 14,735 SqFt
Marketing description
We are pleased to market for sale the Walgreens property located at 11830 W 75th St, Shawnee, KS 66214 (“The Property”). Walgreens has been operating at this location for 17 years and has over 8 years remaining on its lease. Walgreens operates on an absolute triple net lease, which provides for no landlord obligations whatsoever.
The immediate area is experiencing continued reinvestment and growth. In January 2026, the City of Shawnee approved renovations to the Westbrooke Green Shopping Center, which the Property is an outparcel to, including a new lease with El Mercado Fresca, replacing the former Dillon’s Grocery store. Additionally, the recently completed Chadwick multifamily development, located less than 0.25 miles north of the Property, delivered 345 luxury apartment units, further expanding the local consumer base and driving long-term demand for retail and pharmacy services.
The Property benefits from proximity to major employment and healthcare drivers. AdventHealth Shawnee Mission, a 504-bed hospital campus, is located just 1.5 miles east and underwent a $35 million expansion, reinforcing its role as a key regional healthcare provider.
Furthermore, Pine Ridge Business Park, located less than one mile south, is a 232-acre campus with over 5.9 million square feet of industrial and manufacturing space, supporting a strong daytime population and employment base.
The Property is strategically located within a dense, infill Kansas City submarket, 13 miles from Downtown Kansas City. The surrounding trade area includes over 213,000 residents within a 5-mile radius, with an average household income of $105,506, supporting strong and consistent retail demand.
Listed in conjunction with Brian Brockman, Bang Realty - Kansas Inc, 513-898-1551, [email protected], KS DRE Lic. 239819.
Investment highlights
- Walgreens operates on an absolute net lease with no landlord responsibilities whatsoever.
- In January 2026, the City of Shawnee approved renovations to the Westbrooke Green Shopping Center, which include a new lease with El Mercado Fresca in the vacant Dillon’s Grocery location.
- Completed in 2022, the Chadwick complex, less than a quarter of a mile north, brought 345 new luxury apartment units to the market.
- 1.5 miles east of the property, Advent Health Shawnee Mission is a 504-bed hospital complex that underwent a $35 million expansion in 2017.
- Located less than one mile south, the Pine Ridge Business Park is a 232-acre campus that has over 5.9 million square feet of industrial and manufacturing space.
- Situated 13 miles from downtown Kansas City, the property has over 213,000 residents within 5 miles, supporting an average household income of $105,506.
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