Southwest Shoppes at Corbin Park

137th & Metcalf Ave - Overland Park KS 66223

LTV (Loan to Value)	65.00%	Current NOI	$0.00
Interest Rate	4.250%	Capital Rate	0.000%
Fixed Term	10 Years	Land Area	2.21 Acres
Amortization	25 Years	Lease Type
Loan Amount	$3,250,000.00	Property Type	Retail
Payment	$17,606.49	Property Lease	Multi-Tenant
Bulding Size	15,597 SF	Remaining Terms

Location Description

NNN Lenders is pleased to present to qualified investors the opportunity to acquire the Southwest Shoppes of Corbin Park, located in Overland Park, Kansas.Leased to a handful of national and regional tenants—Buffalo Wild Wings, Firehouse Subs, the TanCo, and The UPS Store—the excellent tenant mix provides the investor stability, while allowing for some upside by pushing the rents on the master leased space to a market level rent. The TanCo and UPS Store have both recently executed fresh 10-year leases, with multiple options for renewal.This attractive, high quality construction building measures 15,597 SF, and is situated on 2.21 acres, as an outparcel to Corbin Park Mall, located in Overland Park, Kansas. Corbin Park boasts a tenant roster including Lifetime Fitness, Dave & Busters, JCPenney, Sprouts, Von Maur, Zales, Scheels, Stein Mart, and Ulta, among others.Located in an affluent suburb of Kansas City, the tenants of the Southwest Shoppes of Corbin Park benefit from Overland Park’s tremendous demographic makeup and sustained population growth. Average household incomes exceeding $120,000, in a one, three, and five mile radius, combined with a traffic count exceeding 76,000 cars daily, suggest strong long-term commercial viability.

Highlights

Location – Superior demographics, $120,000 average household income and more than 76,000 VPDOutparcel to Corbin Park – High profile center…

Property Description

Overland Park is the second most populous city in the State of Kansas. Located in Johnson County, it is a suburb of Kansas City, Missouri and the second most populous city in the Kansas City metropolitan area. As of the 2010 census, the city population was 173,372.Health care, retail trade, professional and technical services, finance and insurance, and information technology are the city’s five largest industries. More than 40 companies have their corporate headquarters in Overland Park. Telecommunications firm Sprint’s world headquarters occupies 240 acres of the city and employs about 7,500 people. Other companies with headquarters in the city include Fortune 500 company YRC Worldwide, Black & Veatch, Waddell & Reed, Ferrellgas, Ash Grove Cement Company, and Compass Minerals. The city seeks to attract technology companies in particular, such as Netsmart Technologies which relocated its headquarters there in 2011.Major employers in Overland Park include Sprint (7,500 employees), Shawnee Mission School District (3,781 employees), Blue Valley School District (3,257 employees), Johnson County Community College (2,784 employees) and Black & Veatch (2,381 employees).