7620 Metcalf Avenue, Overland Park, KS 66204 For Sale

PRO

CA 01942025, NE 20191334

PRO

CA 01318078, NV COOP.0000245-AUTH

KS 00234314

Rubenstein Real Estate Co.

Listed by Hanley Investment Group, Rubenstein Real Estate Company, Rubenstein Real Estate Co.

$5,105,000

4 days on market

Updated 4 days ago

Oakbrook Plaza | Overland Park, KS

Details

Property Type

Retail

Sub Type

Storefront, Shopping Center

Square Footage

1,986

Net Rentable (SqFt)

22,020

Cap Rate

7.25%

NOI

$370,172

Occupancy

88%

Tenancy

Multi

Lease Type

NNN

Year Built

1986

Year Renovated

2022

Acreage

1.420

Ground Lease

Newly Renovated Daily Needs 88% Occupied 22,020 Square Foot Multi-Tenant Strip Center:
- Balanced mix of internet-resistant tenants including food, service-based, and goods-based retailers; national retailers include Anytime Fitness, Total Wireless, H&R Block, and Pizza Hut
- The renovation was completed in 2022, and occupancy/tenant demand has been robust
- Homogenous, replaceable rents
- 64% of the tenants have been operating at the center for more than 5 years
- Supply-constrained retail corridor with opportunity for rental growth
Metcalf Avenue is the Dominant North/South Retail Corridor (36,000 CPD) in Overland Park
Adjacent to Downtown Overland Park (3-Minute Walk) and $250 Million of New Developments:
- 6 new luxury mixed-use residential/retail developments
- Approximately 1,000 new residents are moving to downtown Overland Park
Direct Residential Consumer Base; Dense, Affluent Trade Area:
- 269,000+ people within a 5-mile radius
- Average household incomes of $126,000+ within a 5-mile radius
- Over 189,000 employees within a 5-mile radius
Overland Park is Consistently Ranked as One of the Country’s Most Desirable Cities:
- #8 “Top 100 Best Places to Live in the US” – Livability (2026)
- #2 “Top 5 Places to Raise a Family” – Wallethub (2026)
- Approximately 15 minutes from downtown Kansas City and 30 minutes from Kansas City International Airport